Price for Navigational Instruments and Appliances; Parts and Accessories in Morocco - 2023
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Morocco (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Morocco (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Morocco
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Morocco
Price for Navigational Instruments and Appliances; Parts and Accessories in Morocco (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $169,835 per ton in 2022, with an increase of 15% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 94% against the previous year. The import price peaked at $265,548 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 the Netherlands ($245,325 per ton), while the price for Greece ($13,087 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.4%), while the prices for the other major suppliers experienced a decline.
Price for Navigational Instruments and Appliances; Parts and Accessories in Morocco (FOB) - 2022
In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $242,875 per ton, dropping by -48.8% against the previous year. Overall, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 1,536% against the previous year. As a result, the export price attained the peak level of $474,543 per ton, and then shrank markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($393,263 per ton), while the average price for exports to China ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+55.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Navigational Instruments and Appliances; Parts and Accessories in Morocco
After three years of growth, purchases abroad of navigational instruments and appliances; parts and accessorieses decreased by -26.2% to 1.9 tons in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year.
In value terms, imports of navigational instruments and appliances; parts and accessorieses declined to $316K in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 107%. As a result, imports attained the peak of $390K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 170 | 342 | 333 | 289 | 19.3% |
| France | 8.9 | 14.3 | 11.1 | 7.1 | -7.3% |
| Norway | 1.7 | 8.5 | 0.5 | 6.3 | 54.7% |
| Japan | 3.6 | 14.2 | 15.4 | 6.2 | 19.9% |
| United States | 1.0 | 1.4 | 1.6 | 0.9 | -3.5% |
| Spain | 1.3 | 3.5 | 3.9 | 0.7 | -18.6% |
| China | N/A | 0.1 | 0.3 | 0.6 | 144.9% |
| Greece | 0.1 | 0.3 | 1.2 | 0.6 | 81.7% |
| Others | 2.1 | 5.3 | 4.2 | 4.5 | 28.9% |
| Total | 188 | 390 | 372 | 316 | 18.9% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Morocco in 2022:
- Netherlands (1180.0 kg)
- Japan (357.0 kg)
- France (93.0 kg)
- Norway (56.0 kg)
- Greece (46.0 kg)
- United States (36.0 kg)
- China (30.0 kg)
- Spain (11.0 kg)
Exports of Navigational Instruments and Appliances; Parts and Accessories in Morocco
In 2022, shipments abroad of navigational instruments and appliances; parts and accessorieses decreased by -30.4% to 32 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 207%. As a result, the exports attained the peak of 46 kg, and then fell significantly in the following year.
In value terms, exports of navigational instruments and appliances; parts and accessorieses plummeted to $7.8K in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 4,918% against the previous year. As a result, the exports attained the peak of $22K, and then fell sharply in the following year.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| France | 413 | 20,933 | 7,472 | 325.3% | |
| Netherlands | 1.0 | 441 | 165 | 1184.5% | |
| Mauritania | 9.0 | 332 | 86.0 | 209.1% | |
| United Kingdom | 1.0 | 68.0 | 25.0 | 400.0% | |
| United States | 1.0 | 26.0 | 15.0 | 287.3% | |
| Senegal | 1.0 | 8.0 | 2.0 | 41.4% | |
| Brazil | 1.0 | N/A | 1.0 | 0.0% | |
| South Africa | 1.0 | 1.0 | 1.0 | 0.0% | |
| Denmark | N/A | N/A | 1.0 | 0% | |
| Poland | N/A | 1.0 | 1.0 | 0.0% | |
| China | 1.0 | 1.0 | 1.0 | 0.0% | |
| Spain | 1.0 | 13.0 | 1.0 | 0.0% | |
| Others | 5.0 | 5.0 | 1.0 | -55.3% | |
| Total | 435 | 21,829 | 7,772 | 322.7% | |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Morocco in 2022:
- France (19.0 kg)
- Netherlands (2.0 kg)
- Brazil (1.0 kg)
- Mauritania (1.0 kg)
- South Africa (1.0 kg)
- Denmark (1.0 kg)
- Poland (1.0 kg)
- United Kingdom (1.0 kg)
- Senegal (1.0 kg)
- China (1.0 kg)
- United States (1.0 kg)
- Spain (1.0 kg)
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