Morocco: Market for Agricultural And Forestry Tractors 2024

Market Size for Agricultural And Forestry Tractors in Morocco

The Moroccan agricultural and forestry tractor market contracted rapidly to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a perceptible curtailment. Agricultural and forestry tractor consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports from Morocco

In 2022, overseas shipments of agricultural and forestry tractors increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, agricultural and forestry tractor exports surged to $X in 2022. Over the period under review, exports recorded temperate growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania (X units), Guinea (X units) and Egypt (X units) were the main destinations of agricultural and forestry tractor exports from Morocco, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mauritania ($X) emerged as the key foreign market for agricultural and forestry tractors exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Guinea ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (X.3% per year) and Senegal (X% per year).

Export Prices by Country

The average agricultural and forestry tractor export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Ghana ($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 Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Agricultural And Forestry Tractors

Imports into Morocco

In 2022, the amount of agricultural and forestry tractors imported into Morocco declined rapidly to X units, with a decrease of X% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, agricultural and forestry tractor imports contracted significantly to $X in 2022. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), India (X units) and Turkey (X units) were the main suppliers of agricultural and forestry tractor imports to Morocco, together accounting for X% of total imports. Spain, Mexico, Japan, Germany, France and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of agricultural and forestry tractors to Morocco, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

Import Prices by Country

The average agricultural and forestry tractor import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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