Morocco: Tapered Roller Bearing Market 2022

Tapered Roller Bearing Market Size in Morocco

After five years of growth, the Moroccan tapered roller bearing market decreased by -X% to $X in 2021. Overall, consumption posted a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020, and then declined slightly in the following year.

Tapered Roller Bearing Exports

Exports from Morocco

After four years of decline, shipments abroad of tapered roller bearings increased by X% to X kg in 2021. In general, exports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X kg. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, tapered roller bearing exports surged to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for tapered roller bearing exports from Morocco, accounting for a X% share of total exports. Moreover, tapered roller bearing exports to France exceeded the volume sent to the second major destination, Belgium (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Senegal (+X% per year).

In value terms, the largest markets for tapered roller bearing exported from Morocco were France ($X), Senegal ($X) and Belgium ($X, with a CAGR of +X%, recorded the highest growth rate of 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

The average tapered roller bearing export price stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Senegal ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-X%), while the prices for the other major destinations experienced a decline.

Tapered Roller Bearing Imports

Imports into Morocco

In 2021, imports of tapered roller bearings into Morocco totaled X tons, surging by X% against 2020. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, tapered roller bearing imports fell to $X in 2021. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped modestly in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of tapered roller bearing to Morocco, with a X% share of total imports. Moreover, tapered roller bearing imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was occupied by the United Arab Emirates (X tons), with a X% share.

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

In value terms, France ($X) constituted the largest supplier of tapered roller bearing to Morocco, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with an X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

The average tapered roller bearing import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Overall, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform