Morocco: Spark Plug Market 2024

Spark Plug Market Size in Morocco

The Moroccan spark plug market shrank to $X in 2022, with a decrease of 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 saw a deep slump. Spark plug consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Spark Plug Exports

Exports from Morocco

Spark plug exports from Morocco fell rapidly to X units in 2022, declining by X% compared with the previous year. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, spark plug exports reduced remarkably to $X in 2022. In general, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X units), France (X units) and Canada (X units) were the main destinations of spark plug exports from Morocco.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), Mauritania ($X) and Canada ($X) were the largest markets for spark plug exported from Morocco worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average spark plug export price amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Canada ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Morocco

Spark plug imports into Morocco declined sharply to X units in 2022, waning by X% compared with 2021. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, spark plug imports shrank to $X in 2022. Over the period under review, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), France (X units) and Japan (X units) were the main suppliers of spark plug imports to Morocco, with a combined X% share of total imports. India, Russia, South Africa, Mexico, Italy, Thailand, Germany and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), France ($X) and Japan ($X) were the largest spark plug suppliers to Morocco, together comprising X% of total imports. India, Russia, South Africa, Mexico, Italy, Thailand, Germany and Austria lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw 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

The average spark plug import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, import price indicated a prominent 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, spark plug import price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and India ($X per unit), while the price for Russia ($X per unit) and Italy ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform