Morocco: Industrial Bakery Machinery Market 2023

Industrial Bakery Machinery Exports

Exports from Morocco

In 2022, the amount of industrial bakery machinery exported from Morocco reduced dramatically to X units, dropping by -97% compared with the previous year's figure. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2019 when exports increased by 5,485%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, industrial bakery machinery exports fell significantly to $X in 2022. In general, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 1,783%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X units), Mali (X units) and Libya (X units) were the main destinations of industrial bakery machinery exports from Morocco, together comprising 72% of total exports. Moreover, industrial bakery machinery exports in Mauritania exceeded the figures recorded by the second-largest exporter, Mali, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, Mali ($X) emerged as the key foreign market for industrial bakery machinery exports from Morocco, comprising 48% of total exports. The second position in the ranking was held by Spain ($X), with a 19% share of total exports. It was followed by Mauritania, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Mali amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+1.5% per year) and Mauritania (+3.6% per year).

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2022, increasing by 281% against the previous year. Overall, the export price showed a remarkable increase. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per unit), while the average price for exports to Libya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Morocco

For the third consecutive year, Morocco recorded growth in overseas purchases of industrial bakery machinery, which increased by 1.8% to X units in 2022. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, industrial bakery machinery imports rose slightly to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 84% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest industrial bakery machinery supplier to Morocco, accounting for a 46% share of total imports. Moreover, industrial bakery machinery imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.8% per year) and Turkey (+14.8% per year).

In value terms, Italy ($X) constituted the largest supplier of industrial bakery machinery to Morocco, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.6% per year) and Turkey (+14.5% per year).

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 an increase of 58%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :