In recent years, China-Morocco economic and trade cooperation has enjoyed a good momentum of development. The two countries have established a strategic partnership, and Morocco has become the first country in the Arab Maghreb Union to sign a memorandum of understanding on jointly building the "Belt and Road".
As one of the earliest Arab countries to establish diplomatic relations with China, Morocco's advantageous geographical location, stable political environment and perfect economic governance system have provided conditions for further economic and trade cooperation between China and Morocco, and it has also become a Chinese enterprise to explore African and European markets. bridge. In recent years, bilateral trade and investment have continued to grow. In 2020, the bilateral trade volume between China and Morocco reached 4.764 billion US dollars, an increase of 2% against the trend. The two countries have continued to deepen cooperation in fishery, infrastructure, telecommunications, automobiles and other fields.
As an indispensable equipment for the industrial industry, the Moroccan crane market is the focus of Dongqi Crane. In the past 2021, Dongqi Crane has reached 3 crane cooperation projects with Moroccan customers. We believe that there is still a great future. Co-working space. The current Moroccan crane market is mainly provided by Spain and Italy. To better open the Moroccan crane market in the future, this article will deeply study the import and export scale of overhead cranes in Morocco, and predict the possible changes in the Moroccan crane market in 2022.
Before we start discussing the aerial crane market in Morocco, we have a few small questions that need to be answered first. Let’s take a look
After three years of decline, the Moroccan overhead crane market grew by X% to $X in 2020. Overall, consumption has grown significantly. The most rapid growth was in 2011, when the market value increased by X% year-over-year. As a result, spending reached the highest level of X dollars. From 2012 to 2020, market growth failed to regain momentum.
In 2020, overseas shipments of fixed-support overhead cranes fell by X% to X units for the first time since 2016, ending a three-year upward trend. During the period under review, exports showed a relatively stable trend. The fastest growth rate in 2015, an increase of X% year-on-year. As a result, exports peaked at X units. From 2016 to 2020, the export growth rate remained at a low level.
In value terms, 2020 overhead crane exports dropped significantly to $X. Overall, exports showed a marked increase. The growth rate was the fastest in 2010, with a year-on-year increase of X%. During the period under review, exports peaked at $X in 2015; however, from 2016 to 2020, exports have been at lower levels.
Togo (X units), Senegal (X units) and Algeria (X units) are the main destinations for Moroccan overhead crane exports.
From 2007 to 2019, of the major destination countries, Togo achieved the most significant growth rate in shipments, while other countries experienced more moderate export growth rates.
By value, the largest markets for overhead cranes exported from Morocco are Togo ($X), Senegal ($X) and Algeria ($X), which together account for X% of total exports.
During the period under review, Senegal had the highest growth in export value among the major destination countries, while shipments from other leaders showed a mixed trend.
In 2020, Morocco's imports of overhead cranes soared to X units, an increase of X% over the previous year. Overall, import growth was strong. The growth rate was most pronounced in 2011, when imports rose by X% year-on-year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2012 and 2020.
Overhead crane imports surged to $X in 2020 by value. During the period under review, imports showed strong growth. The most significant growth rate occurred in 2011, which was an X% increase compared to the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain momentum.
Spain (X units), France (X units) and Italy (X units) are the main suppliers of overhead cranes imported into Morocco, together accounting for X% of total imports.
From 2007 to 2020, among the major suppliers, Italy achieved the most significant growth rate in purchases, while the other leading countries experienced a more moderate growth rate in imports. Spain ($X) is the largest supplier of overhead cranes to Morocco by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by France with an X% share.
From 2007 to 2020, the average annual value growth in Spain was +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Italy (+X% per annum) and France (-X% per annum).
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