Morocco: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Morocco

The Moroccan snow motor vehicle market contracted rapidly to $X in 2022, which is down 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). Overall, consumption, however, enjoyed a noticeable expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Snow Motor Vehicle Exports

Exports from Morocco

In 2022, overseas shipments of motor vehicles for travelling on snow or golf cars increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, exports, however, saw a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, snow motor vehicle exports reduced rapidly to $X in 2022. Over the period under review, exports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X units), Cote d'Ivoire (X units) and France (X units) were the main destinations of snow motor vehicle exports from Morocco, together accounting for X% of total exports. Moreover, snow motor vehicle exports in Egypt exceeded the figures recorded by the second-largest exporter, Cote d'Ivoire, twofold.

From 2014 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for motor vehicles for travelling on snow or golf cars exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2014 to 2022, the average annual growth rate of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average snow motor vehicle export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price faced a sharp contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%).

Snow Motor Vehicle Imports

Imports into Morocco

In 2022, the amount of motor vehicles for travelling on snow or golf cars imported into Morocco shrank dramatically to X units, waning by X% on the previous year. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, snow motor vehicle imports fell dramatically to $X in 2022. Over the period under review, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of snow motor vehicle to Morocco, accounting for a X% share of total imports. Moreover, snow motor vehicle imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), sixfold. The third position in this ranking was taken by Italy (X units), with an X% share.

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

In value terms, the United States ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Morocco, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average snow motor vehicle import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then fell sharply in the following year.

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

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

Source: IndexBox Platform

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