Morocco: Isolating Switch Market 2024

Isolating Switch Market Size in Morocco

In 2022, the Moroccan isolating switch market increased by 51% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Isolating Switch Exports

Exports from Morocco

After three years of growth, overseas shipments of isolating switches & make-and-break switches decreased by -19.2% to X units in 2022. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 139% against the previous year. The exports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, isolating switch exports shrank sharply to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 71%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Cote d'Ivoire (X units) was the main destination for isolating switch exports from Morocco, accounting for a 43% share of total exports. Moreover, isolating switch exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Mali (X units), fourfold. Guinea (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+34.6% per year) and Guinea (+16.1% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for isolating switches & make-and-break switches exports from Morocco, comprising 42% of total exports. The second position in the ranking was taken by Guinea ($X), with a 12% share of total exports. It was followed by Mali, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+11.6% per year) and Mali (+26.9% per year).

Export Prices by Country

In 2022, the average isolating switch export price amounted to $X per unit, with an increase of 4.7% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 ($X per unit), while the average price for exports to Burkina Faso ($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 France (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports

Imports into Morocco

In 2022, supplies from abroad of isolating switches & make-and-break switches increased by 0.7% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 71% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, isolating switch imports expanded rapidly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 90% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X units), Italy (X units) and France (X units) were the main suppliers of isolating switch imports to Morocco, with a combined 94% share of total imports. Turkey and Portugal lagged somewhat behind, together comprising a further 6.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +20.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Italy ($X) and France ($X) appeared to be the largest isolating switch suppliers to Morocco, together accounting for 96% of total imports. Turkey and Portugal lagged somewhat behind, together accounting for a further 3.5%.

In terms of the main suppliers, Turkey, with a CAGR of +16.9%, saw the highest growth rate of the value of imports, 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 isolating switch import price amounted to $X per unit, picking up by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +6.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 66% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Spain ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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