Morocco: Measuring Instrument Market 2024

Measuring Instrument Market Size in Morocco

The Moroccan measuring instrument market reduced to $X in 2022, with a decrease of 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). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Measuring Instrument Exports

Exports from Morocco

In 2022, shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, measuring instrument exports fell rapidly to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for measuring instrument exports from Morocco, accounting for a X% share of total exports. Moreover, measuring instrument exports to Spain exceeded the volume sent to the second major destination, Mauritania (X units), more than tenfold. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Sweden (X% per year).

In value terms, Spain ($X) remains the key foreign market for instruments and apparatus for measuring or checking the flow or level of liquids exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average measuring instrument export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Sweden ($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 France (X%), while the prices for the other major destinations experienced a decline.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Measuring Instrument Imports

Imports into Morocco

In 2022, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by X% to X units, falling for the second consecutive year after two years of growth. The total import volume 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 in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, measuring instrument imports fell modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X units), the Netherlands (X units) and China (X units) were the main suppliers of measuring instrument imports to Morocco, with a combined X% share of total imports. The UK, Turkey, Italy, Germany, Spain and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest measuring instrument suppliers to Morocco, with a combined X% share of total imports. China, Spain, the UK, Italy, Turkey and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 measuring instrument import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The growth pace was the most rapid in 2018 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 2012; however, from 2013 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 ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :