Morocco - Plastic or Non-Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Plastic or Non-Precious Metal Watch in Morocco - 2022
Contents:
- Price for Plastic or Non-Precious Metal Watch in Morocco (CIF) - 2022
- Price for Plastic or Non-Precious Metal Watch in Morocco (FOB) - 2022
- Imports of Plastic or Non-Precious Metal Watch in Morocco
- Exports of Plastic or Non-Precious Metal Watch in Morocco
Price for Plastic or Non-Precious Metal Watch in Morocco (CIF) - 2022
In 2022, the average import price for plastic or non-precious metal watches amounted to $21 per unit, rising by 4.4% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The growth pace was the most rapid in 2016 an increase of 31%. As a result, import price attained the peak level of $45 per unit. From 2017 to 2022, the average import prices remained at a lower figure.
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 Switzerland ($110 per unit), while the price for China ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Plastic or Non-Precious Metal Watch in Morocco (FOB) - 2022
In 2022, the average export price for plastic or non-precious metal watches amounted to $1,475 per unit, rising by 2,534% against the previous year. In general, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Gabon ($1,417 per unit), while the average price for exports to Cote d'Ivoire ($14 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 (+88.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plastic or Non-Precious Metal Watch in Morocco
In 2022, the amount of plastic or non-precious metal watches imported into Morocco contracted notably to 1M units, which is down by -16.1% on 2021. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of 1.2M units, and then shrank significantly in the following year.
In value terms, plastic or non-precious metal watch imports declined to $22M in 2022. Over the period under review, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $25M, and then declined in the following year.
| Import of Plastic or Non-Precious Metal Watch in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.7 | 6.9 | 11.1 | 10.6 | 6.8% |
| Switzerland | 10.2 | 7.1 | 12.3 | 10.3 | 0.3% |
| Malaysia | 0.3 | N/A | 0.3 | N/A | 0.0% |
| Others | 1.6 | 1.2 | 1.3 | 1.0 | -14.5% |
| Total | 20.8 | 15.4 | 24.9 | 21.9 | 1.7% |
Top Suppliers of Plastic or Non-Precious Metal Watch to Morocco in 2022:
- Malaysia (undefinedK units)
- China (920.5K units)
- Switzerland (93.4K units)
Exports of Plastic or Non-Precious Metal Watch in Morocco
For the third year in a row, Morocco recorded decline in shipments abroad of plastic or non-precious metal watches, which decreased by -90% to 455 units in 2022. Overall, exports recorded a dramatic curtailment. The smallest decline of -43.4% was in 2021. The exports peaked at 18K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plastic or non-precious metal watch exports surged to $671K in 2022. In general, exports, however, showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Plastic or Non-Precious Metal Watch in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Gabon | 39.5 | 45.9 | 4.7 | 32.6 | -6.2% |
| France | 0.1 | 0.1 | 55.7 | 27.8 | 552.7% |
| Spain | 23.9 | 11.2 | 4.5 | 2.4 | -53.5% |
| China | N/A | 139 | N/A | 1.7 | -88.9% |
| Cote d'Ivoire | 6.7 | 4.7 | 4.7 | 1.6 | -38.0% |
| Ireland | N/A | N/A | N/A | 1.5 | 0% |
| Senegal | 2.2 | 4.7 | 7.5 | 0.1 | -64.3% |
| Democratic Republic of the Congo | 5.1 | 0.4 | 0.5 | N/A | -68.7% |
| United States | 2.0 | 29.9 | 0.5 | N/A | -50.0% |
| Others | 489 | 38.1 | 176 | 603 | 7.2% |
| Total | 569 | 274 | 254 | 671 | 5.7% |
Top Export Markets for Plastic or Non-Precious Metal Watch from Morocco in 2022:
- Spain (137.0 units)
- Cote d'Ivoire (116.0 units)
- Ireland (95.0 units)
- France (58.0 units)
- Gabon (23.0 units)
- Senegal (6.0 units)
- China (4.0 units)
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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