Industry and Trade Minister Ryad Mezzour announced, on Wednesday in Rabat, that turnover in the industrial sector has soared to a record MAD 801.5 billion for the 2022 financial year.
This exceptional achievement was primarily attributed to the agri-food (23.1%), chemicals and para-chemistry (23%), and automotive (17.8%) sectors, according to Mezzour, who presented the key findings of the 2023 edition of the industrial survey titled “Barometer of Moroccan Industry”.
Mezzour also highlighted that this sector, witnessing a doubling of the number of its companies over the past decade, generated an added value of MAD 212.4 billion, with production reaching MAD 738.7 billion and investments totaling MAD 33.9 billion in 2022.
Furthermore, Mezzour noted that over half of exports are accounted for by companies less than 20 years old, while those less than 10 years old contribute over MAD 100 billion to exports.
Regarding job creation, the sector witnessed an increase of over 8.8%, reaching 870,759 jobs in 2022, a figure 2.4 times higher than that of 2012, Mezzour emphasized.
In terms of employment growth, Mezzour highlighted double-digit increases in three sectors: aeronautics (+21%), automotive (+13%), and textiles and leather (+10%).
The breakdown of industrial jobs by gender in 2022 demonstrates a relatively balanced distribution, with 40% of positions held by women, among whom 13% occupy roles of responsibility, he added.
Highlighting the composition of share capital in the industrial sector, Mezzour emphasized that national capital holds a majority stake, comprising 71.5% of the total share capital, while foreign capital constitutes the remaining 28.5%.
The industrial sector survey, conducted periodically by the Ministry of Industry and Trade, stands as a critical national data source pertaining to Moroccan industry.
This barometer facilitates an in-depth analysis of the performance across various industrial sectors, thereby enabling a comprehensive assessment of their behavior and contributions to the national economic landscape.
Conducted for the 2021 and 2022 financial years, this edition of the survey engaged nearly 120 interviewers and targeted 10,891 industrial companies, achieving a commendable data collection rate of 80%.
To streamline the process, a dedicated digital platform has been developed for data collection and the generation of results for this edition of the survey.
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