Morocco: Radio Receiver Market 2023

Radio Receiver Market Size in Morocco

The Moroccan radio receiver market declined to $X in 2022, which is down by -8.9% 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, showed a buoyant expansion. Radio receiver consumption peaked at $X in 2021, and then contracted in the following year.

Radio Receiver Exports

Exports from Morocco

In 2022, overseas shipments of radio receivers decreased by -64.4% to X units, falling for the third consecutive year after three years of growth. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 277%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, radio receiver exports fell markedly to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 630%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bulgaria (X units), the Czech Republic (X units) and Germany (X units) were the main destinations of radio receiver exports from Morocco, together comprising 55% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +260.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for radio receivers exports from Morocco, comprising 62% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Bulgaria, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Bulgaria (+134.1% per year).

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, with a decrease of -30.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 93% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 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 the Czech Republic ($X per unit), while the average price for exports to Germany ($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 Saudi Arabia (+49.1%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Receiver Imports

Imports into Morocco

In 2022, radio receiver imports into Morocco reduced dramatically to X units, shrinking by -39.1% against the previous year's figure. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped dramatically in the following year.

In value terms, radio receiver imports skyrocketed to $X in 2022. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 207%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), South Korea (X units) and Romania (X units) were the main suppliers of radio receiver imports to Morocco, with a combined 77% share of total imports. Poland and France lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +165.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Romania ($X) and Poland ($X) constituted the largest radio receiver suppliers to Morocco, with a combined 76% share of total imports.

Poland, with a CAGR of +147.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, with an increase of 105% against the previous year. In general, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 170% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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