In 2021, the Moroccan lifting equipment market finally rose to X dollars after four years of decline. Overall, however, consumption faced a sudden drop. Lifting equipment consumption peaked at $X in 2013; however, consumption has remained low from 2014 to 2021.
Morocco’s lifting equipment export scale
In 2021, Morocco’s hoisting equipment exports will significantly shrink by X units, down -X% from the previous year. Overall, exports showed a sharp downward trend. The growth rate was most pronounced in 2016, when exports increased by X%. As a result, exports peaked at X units. From 2017 to 2021, the export growth rate will remain at a low level.
Lifting equipment exports plummeted to $X in 2021 in value terms. Overall, exports fell sharply. The most significant growth rate occurred in 2016, with an increase of X%. As a result, exports peaked at X dollars. Export growth failed to regain momentum between 2017 and 2021.
Benin (unit X) and Mauritania (unit X) are the main destinations for Moroccan lifting equipment exports. Furthermore, Benin exports twice as much lifting equipment as Mauritania, the second largest exporter.
From 2012 to 2021, Benin achieved the most significant growth in shipments among major destination countries (CAGR of X, Benin ($X) becoming the major foreign market for lifting equipment) Exports from Morocco, X% of total exports. In second place is Mauritania ($X) with X% of total exports.
From 2012 to 2021, the average annual growth rate of values to Benin has been relatively modest.
Import scale of lifting equipment in Morocco
In 2021, overseas purchases of lifting equipment will increase by X% to X units, the second consecutive year of growth after three consecutive years of decline. Overall, however, imports continued to show a sharp contraction. The growth rate was most pronounced in 2016, with an X% increase over the previous year. As a result, imports peaked at X units. Import growth will remain low between 2017 and 2021.
Lifting equipment imports surge to $X by value in 2021. But overall, imports continued to show a sudden pullback. The most significant growth rate occurred in 2016, with an increase of X%. During the period under review, imports peaked at $X in 2013; however, from 2014 to 2021, imports have remained low.
In 2021, Senegal (X units) is Morocco’s largest supplier of lifting equipment, accounting for X% of total imports. In addition, imports of lifting equipment from Senegal were six times higher than the figures recorded by the second largest supplier, Spain (X units). France (X units) ranks third in terms of total imports with a share of X%.
Average annual sales growth in Senegal from 2012 to 2021 was relatively modest. The average annual growth rates of imports for the remaining suppliers are as follows: Spain (-X% per annum) and France (+X% per annum).
Senegal ($X) is the largest lifting equipment supplier to Morocco by value, representing X% of total imports. In second place is Malaysia ($X) with X% of total imports. It is followed by Spain with an X% share.
Average annual value growth in Senegal from 2012 to 2021 was relatively modest. The average annual growth rates of imports for the remaining suppliers are as follows: Malaysia (-X% per annum) and Spain (-X% per annum).
Statistics of various crane suppliers in Morocco
Senegal is Morocco’s largest supplier of lifting equipment by value, accounting for 71% of total imports. In second place was Malaysia, which accounted for 9.7% of total imports. It is followed by Spain with a share of 5.2%.
In value terms, Benin (US$ 898) became the main foreign market for Moroccan lifting equipment exports, accounting for 57% of total exports. In second place was Mauritania ($78), which accounted for 4.9% of total exports.
The average export price of hoisting equipment in 2021 is $425 per unit, down -23.9% from the previous year.
The average import price of hoisting equipment in 2021 is US$1,784 per unit, a year-on-year increase of 22%.
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