Morocco: Bus Market 2024

Bus Market Size in Morocco

In 2022, the Moroccan bus market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Bus Exports

Exports from Morocco

In 2022, overseas shipments of public-transport type passenger motor vehicles decreased by X% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, bus exports reduced markedly to $X in 2022. Overall, exports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units) was the main destination for bus exports from Morocco, accounting for a X% share of total exports. Moreover, bus exports to Togo exceeded the volume sent to the second major destination, Gabon (X units), eightfold. The third position in this ranking was taken by the United Arab Emirates (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and the United Arab Emirates (X% per year).

In value terms, Togo ($X) emerged as the key foreign market for public-transport type passenger motor vehicles exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Gabon ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average bus export price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price 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, bus export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average 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 Togo ($X per unit), while the average price for exports to Spain ($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 the United Arab Emirates (X%).

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Bus Imports

Imports into Morocco

In 2022, overseas purchases of public-transport type passenger motor vehicles decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports saw a slight slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bus imports dropped rapidly to $X in 2022. Overall, imports recorded a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest bus supplier to Morocco, accounting for a X% share of total imports. Moreover, bus imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), threefold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of public-transport type passenger motor vehicles to Morocco, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average bus import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a noticeable decline. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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