Morocco: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Morocco

In 2022, after two years of growth, there was significant decline in the Moroccan self-propelled non-electric fork-lift truck market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted pronounced growth. Self-propelled non-electric fork-lift truck consumption peaked at $X in 2021, and then shrank in the following year.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Morocco

In 2022, shipments abroad of self-propelled fork-lift trucks with non-electric motor decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck exports declined significantly to $X in 2022. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X units), Cote d'Ivoire (X units) and Mexico (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Morocco, with a combined X% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports in Senegal exceeded the figures recorded by the second-largest exporter, Cote d'Ivoire, twofold.

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

In value terms, Senegal ($X), Mauritania ($X) and Mexico ($X) constituted the largest markets for self-propelled non-electric fork-lift truck exported from Morocco worldwide, together accounting for X% of total exports. Cote d'Ivoire, Spain and South Africa lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($X per unit), while the average price for exports to South Africa ($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 Burundi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Morocco

In 2022, after two years of growth, there was decline in overseas purchases of self-propelled fork-lift trucks with non-electric motor, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed a strong expansion. 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 attained the peak figure at X units in 2021, and then shrank modestly in the following year.

In value terms, self-propelled non-electric fork-lift truck imports shrank significantly to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Morocco, accounting for a X% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Japan (X units), with a X% share.

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

In value terms, the largest self-propelled non-electric fork-lift truck suppliers to Morocco were China ($X), Spain ($X) and Japan ($X), with a combined X% share of total imports. France, the UK, Italy and Germany lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price showed a deep setback. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per unit), while the price for Spain ($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 UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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