30% of Morocco's Wholesale Businesses Reported Sales Increases in 2021
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Loading... - Gael Galban
- 30 Mar 2022
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Rabat - A total of 30% of wholesale businesses in Morocco reported an increase in their volume of sales in the fourth quarter of 2021, compared to the previous three months, driven by a demand for industrial equipment and agricultural goods including livestock.
Around 14% of wholesale businesses - companies that sell things in bulk to smaller companies, ranging from food to electrical equipment - saw a decrease in sales in 2021 compared to the previous year according to a survey from Morocco’s Higher Planning Commission (HCP), a state-owned research institute, released on Tuesday.
However, increased sales do not necessarily translate into increased revenues, and it is not clear if wholesale businesses saw revenues go up.
A total of 42% of wholesale businesses surveyed by the HCP reported an overall rise in the price of goods in 2021.
Around 80% of companies surveyed said the size of the labor force did not increase or decrease over the fourth quarter of 2021.
Nearly Non-financial commercial activities declined for 44% of the businesses surveyed by HCP, while 34% of surveyed companies perceived improved business activity.
Business owners noted a decline in telecommunication, hospitality, and restaurant-related activities, while air and land travel, warehouse, and transit-related activities all improved.
Consumer demand for non-financial commercial activities has remained unchanged for 54% of businesses, and less than usual for 38%. The labor force remained unchanged for 64% of businesses within the sector.
In 2022, 53% of business owners in the service, which includes companies operating in the health sector, expect activities to remain stable, while 25% expect business to fall, and 22% expect business to gain more momentum. Read More...
