Morocco: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Morocco

The Moroccan pneumatic linear acting actuator market soared to $X in 2022, rising 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). In general, consumption recorded a significant increase. Pneumatic linear acting actuator consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Pneumatic Linear Acting Actuators

Exports from Morocco

In 2022, the amount of pneumatic linear acting actuators exported from Morocco soared to X units, increasing by X% against the previous year's figure. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Overall, exports posted slight growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for pneumatic linear acting actuator exports from Morocco, with a X% share of total exports. Moreover, pneumatic linear acting actuator exports to Russia exceeded the volume sent to the second major destination, France (X units), sevenfold.

From 2013 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

In value terms, the largest markets for pneumatic linear acting actuator exported from Morocco were Russia ($X), Belgium ($X) and France ($X), together accounting for X% of total exports.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Belgium ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%).

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Imports of Pneumatic Linear Acting Actuators

Imports into Morocco

For the third year in a row, Morocco recorded growth in overseas purchases of pneumatic linear acting actuators, which increased by X% to X units in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, pneumatic linear acting actuator imports soared to $X in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest pneumatic linear acting actuator supplier to Morocco, accounting for a X% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. Germany (X units) ranked third in terms of total imports with an X% share.

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

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Morocco, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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