Morocco - Steering Wheels, Steering Columns And Steering Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steering Wheels and Columns in Morocco - 2022
Contents:
- Price for Steering Wheels and Columns in Morocco (CIF) - 2022
- Price for Steering Wheels and Columns in Morocco (FOB) - 2022
- Imports of Steering Wheels and Columns in Morocco
- Exports of Steering Wheels and Columns in Morocco
Price for Steering Wheels and Columns in Morocco (CIF) - 2022
In December 2022, the average steering wheels and columns import price amounted to $9,861 per ton, with a decrease of -10% against the previous month. Over the period under review, the import price continues to indicate a mild setback. The growth pace was the most rapid in November 2022 when the average import price increased by 11% m-o-m. Over the period under review, average import prices reached the peak figure at $11,260 per ton in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($14,431 per ton), while the price for India ($5,262 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steering Wheels and Columns in Morocco (FOB) - 2022
The average steering wheels and columns export price stood at $14,327 per ton in December 2022, rising by 5.2% against the previous month. Over the period under review, the export price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in April 2022 an increase of 17% m-o-m. The export price peaked at $19,031 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($33,224 per ton), while the average price for exports to Portugal ($4,553 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Steering Wheels and Columns in Morocco
For the fourth consecutive year, Morocco recorded growth in overseas purchases of steering wheels, steering columns and steering boxes, which increased by 24% to 32K tons in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 51%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, steering wheels and columns imports soared to $322M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Steering Wheels and Columns in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.5 | 3.2 | 59.6 | 91.1 | 466.9% |
| France | 52.2 | 58.0 | 74.1 | 83.4 | 16.9% |
| Romania | 5.3 | 5.5 | 24.6 | 35.5 | 88.5% |
| Portugal | 20.3 | 13.1 | 21.3 | 22.4 | 3.3% |
| Spain | 28.4 | 57.9 | 31.9 | 19.9 | -11.2% |
| China | 0.6 | 0.8 | 10.6 | 19.1 | 216.9% |
| Germany | 2.9 | 1.7 | 13.6 | 15.2 | 73.7% |
| Tunisia | 4.8 | 4.7 | 9.8 | 9.2 | 24.2% |
| Czech Republic | 4.3 | 7.5 | 15.1 | 9.0 | 27.9% |
| Others | 2.4 | 6.4 | 12.5 | 17.1 | 92.4% |
| Total | 121 | 159 | 273 | 322 | 38.6% |
Top Suppliers of Steering Wheels and Columns to Morocco in 2022:
- France (9.5K tons)
- Poland (7.9K tons)
- Spain (3.2K tons)
- Romania (2.7K tons)
- China (2.4K tons)
- Portugal (2.0K tons)
- Germany (1.2K tons)
- Czech Republic (0.9K tons)
- Tunisia (0.9K tons)
Exports of Steering Wheels and Columns in Morocco
In 2022, steering wheels and columns exports from Morocco surged to 9.4K tons, rising by 18% compared with 2021 figures. In general, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, steering wheels and columns exports stood at $167M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 94%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Steering Wheels and Columns in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 36.6 | 45.9 | 104 | 117 | 47.3% |
| Romania | 0.1 | N/A | 7.2 | 18.4 | 468.8% |
| Germany | 0.8 | 9.2 | 9.8 | 13.1 | 153.9% |
| Portugal | 52.1 | 27.6 | 37.9 | 12.2 | -38.4% |
| Others | 1.8 | 1.6 | 4.5 | 5.8 | 47.7% |
| Total | 91.3 | 84.4 | 163 | 167 | 22.3% |
Top Export Markets for Steering Wheels and Columns from Morocco in 2022:
- Spain (7.2K tons)
- Romania (0.8K tons)
- Portugal (0.7K tons)
- Germany (0.5K tons)
This report provides an in-depth analysis of the market for steering wheels and columns 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 29323067 - Steering wheels, steering columns and steering boxes, parts thereof
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
-
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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