Morocco: Test And Measurement Market 2024

Test And Measurement Market Size in Morocco

The Moroccan test and measurement market skyrocketed to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Test And Measurement Exports

Exports from Morocco

After two years of growth, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by X% to X units in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then declined in the following year.

In value terms, test and measurement exports dropped dramatically to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X units), Cameroon (X units) and the United Arab Emirates (X units) were the main destinations of test and measurement exports from Morocco, together comprising X% of total exports. France, Cote d'Ivoire, Belgium, Senegal, Turkey, Mali and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cameroon ($X), France ($X) and Mauritania ($X) appeared to be the largest markets for test and measurement exported from Morocco worldwide, with a combined X% share of total exports. Cote d'Ivoire, the United Arab Emirates, Senegal, Belgium, Mali, Turkey and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Mauritania ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Morocco

In 2022, imports of instruments and apparatus for measuring or checking pressure of liquids or gasses into Morocco surged to X units, growing by X% on the previous year. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, test and measurement imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest test and measurement supplier to Morocco, accounting for a X% share of total imports. Moreover, test and measurement imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, China ($X), Germany ($X) and Mexico ($X) were the largest test and measurement suppliers to Morocco, together comprising X% of total imports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average test and measurement import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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