Price for Machinery; Parts of Machinery of Heading No. 8422 in Morocco - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Morocco (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Morocco (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Morocco
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Morocco
Price for Machinery; Parts of Machinery of Heading No. 8422 in Morocco (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $98,038 per ton in 2022, with an increase of 18% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23% against the previous year. The import price peaked at $160,453 per ton in 2012; however, from 2013 to 2022, 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 Austria ($207,396 per ton), while the price for Poland ($23,525 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Morocco (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $50,263 per ton in 2022, surging by 2.8% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 309% against the previous year. The export price peaked at $134,104 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($71,264 per ton), while the average price for exports to Mauritania ($6,834 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 United States (+63.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Morocco
For the fourth year in a row, Morocco recorded growth in purchases abroad of machinery; parts of machinery of heading no. 8422, which increased by 7.4% to 170 tons in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 66%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of machinery; parts of machinery of heading no. 8422 surged to $17M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.8 | 3.4 | 5.6 | 7.2 | 23.7% |
| France | 2.3 | 2.2 | 2.2 | 2.8 | 6.8% |
| Germany | 2.3 | 2.4 | 1.6 | 2.0 | -4.6% |
| Spain | 1.3 | 1.0 | 0.9 | 1.4 | 2.5% |
| United Kingdom | 0.2 | 0.4 | 0.3 | 0.5 | 35.7% |
| China | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
| Sweden | 0.4 | 0.3 | 0.4 | 0.2 | -20.6% |
| Turkey | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Poland | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.9 | 1.6 | 1.7 | 1.7 | -3.6% |
| Total | 12.5 | 11.8 | 13.1 | 16.7 | 10.1% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Morocco in 2022:
- Italy (91.0 tons)
- China (18.5 tons)
- France (15.4 tons)
- Germany (10.9 tons)
- Spain (7.9 tons)
- Poland (5.3 tons)
- United Kingdom (3.8 tons)
- Sweden (1.2 tons)
- Turkey (0.8 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Morocco
In 2022, exports of machinery; parts of machinery of heading no. 8422 from Morocco soared to 4.8 tons, rising by 111% compared with the previous year's figure. In general, exports recorded temperate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of machinery of heading no. 8422 soared to $242K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 1.0 | N/A | 151 | 570.9% |
| Austria | 4.0 | 47.1 | 57.6 | 34.8 | 105.7% |
| Mauritania | N/A | 2.1 | 0.5 | 12.3 | 142.0% |
| Germany | 9.0 | 0.3 | 2.0 | 11.2 | 7.6% |
| Sweden | 13.0 | 2.3 | 0.9 | 2.7 | -40.8% |
| Spain | 10.3 | N/A | 17.2 | 1.9 | -43.1% |
| France | 36.9 | 1.2 | N/A | N/A | -96.7% |
| Others | 51.8 | 22.2 | 33.2 | 28.3 | -18.3% |
| Total | 125 | 76.2 | 111 | 242 | 24.6% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Morocco in 2022:
- United States (2116.0 kg)
- Mauritania (1800.0 kg)
- Austria (590.0 kg)
- Germany (200.0 kg)
- Spain (51.0 kg)
- Sweden (23.0 kg)
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