Morocco: Market for Vacuum Cleaners With Motor 2022

Market Size for Vacuum Cleaners With Motor in Morocco

The Moroccan vacuum cleaner with motor market surged to $X in 2021, rising by 44% 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 showed a strong expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Exports of Vacuum Cleaners With Motor

Exports from Morocco

In 2021, approx. X kg of vacuum cleaners with motor were exported from Morocco; rising by 36% compared with 2020. Over the period under review, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 402%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vacuum cleaner with motor exports shrank to $X in 2021. In general, exports, however, continue to indicate a sharp contraction. The growth pace was the most rapid in 2018 when exports increased by 275% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Libya (X kg) was the main destination for vacuum cleaner with motor exports from Morocco, accounting for a 88% share of total exports. Moreover, vacuum cleaner with motor exports to Libya exceeded the volume sent to the second major destination, France (X kg), more than tenfold. The third position in this ranking was taken by Portugal (X kg), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Libya amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.7% per year) and Portugal (+171.4% per year).

In value terms, Libya ($X) emerged as the key foreign market for vacuum cleaner with motor exports from Morocco, comprising 86% of total exports. The second position in the ranking was taken by France ($X), with an 8.5% share of total exports. It was followed by Mauritania, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Libya amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.5% per year) and Mauritania (-15.4% per year).

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, dropping by -37.2% against the previous year. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 51% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Portugal ($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 France (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Morocco

In 2021, approx. X tons of vacuum cleaners with motor were imported into Morocco; increasing by 31% on 2020. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2016 when imports increased by 113%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, vacuum cleaner with motor imports skyrocketed to $X in 2021. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 56% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to Morocco, accounting for a 62% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Spain (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.8% per year) and Spain (+2.7% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaner with motor to Morocco, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.9% share of total imports. It was followed by Italy, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.0% per year) and Italy (+10.8% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, growing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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