Morocco: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Morocco

The Moroccan market for electric generating sets and rotary converters rose notably to $X in 2021, growing by 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). Over the period under review, consumption, however, saw a deep setback. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Morocco

In 2021, the amount of electric generating sets and rotary converters exported from Morocco expanded markedly to X units, picking up by X% compared with the previous year. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, exports of electric generating sets and rotary converters dropped slightly to $X in 2021. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Mauritania (X units), Senegal (X units) and Togo (X units) were the main destinations of exports of electric generating sets and rotary converters from Morocco, together accounting for X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric generating set and rotary converter exported from Morocco were Senegal ($X), Togo ($X) and Mauritania ($X), together comprising X% of total exports. Yemen, Libya, Cote d'Ivoire, Guinea, Congo, Burkina Faso, Turkey and Gabon lagged somewhat behind, together comprising a further X%.

Congo, 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 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2020, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Morocco

Imports of electric generating sets and rotary converters into Morocco surged to X units in 2021, growing by X% compared with 2020. Over the period under review, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of electric generating sets and rotary converters declined slightly to $X in 2021. In general, imports, however, showed a deep downturn. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) was the main supplier of electric generating set and rotary converter to Morocco, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Spain (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of electric generating sets and rotary converters to Morocco, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Denmark totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

Import Prices by Country

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, jumping by X% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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