Morocco: Positive Displacement Pump Market 2022

Positive Displacement Pump Market Size in Morocco

In 2021, after four years of growth, there was significant decline in the Moroccan positive displacement pump market, when its value decreased by -X% to $X. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Positive Displacement Pump Exports

Exports from Morocco

For the third year in a row, Morocco recorded growth in shipments abroad of positive displacement pumps and hand pumps, which increased by X% to X units in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, positive displacement pump exports fell sharply to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Benin (X units) was the main destination for positive displacement pump exports from Morocco, with a X% share of total exports. Moreover, positive displacement pump exports to Benin exceeded the volume sent to the second major destination, Mauritania (X units), more than tenfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+X% per year) and Germany (+X% per year).

In value terms, the largest markets for positive displacement pump exported from Morocco were Mauritania ($X), Benin ($X) and Germany ($X), together comprising X% of total exports.

In terms of the main countries of destination, Mauritania, with a CAGR of +X%, recorded the highest growth rate of 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

In 2021, the average positive displacement pump export price amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then dropped significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Morocco

In 2021, the amount of positive displacement pumps and hand pumps imported into Morocco reduced to X units, shrinking by -X% against 2020 figures. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2020, and then declined in the following year.

In value terms, positive displacement pump imports reduced modestly to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then declined modestly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest positive displacement pump supplier to Morocco, accounting for a X% share of total imports. It was followed by Turkey (X units), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and France (+X% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pump to Morocco, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, 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