Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria - 2022

Contents:

1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria (CIF) - 2022
2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria (FOB) - 2022
3. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria
4. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria (CIF) - 2022

In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $77 per unit, declining by -14.6% against the previous year. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 172%. Over the period under review, average import prices attained the peak figure at $96 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($223 per unit), while the price for China ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+64.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria (FOB) - 2022

The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $22 per unit in 2020, almost unchanged from the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. The export price peaked at $27 per unit in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the Netherlands ($526 per unit), while the average price for exports to Mauritania amounted to $1.6 per unit.

From 2015 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+22.7%).

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria

For the fourth consecutive year, Algeria recorded growth in overseas purchases of articles of apparel, clothing accessories and other articles of furskin, which increased by 17% to 8.3K units in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin totaled $641K in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 85%. As a result, imports reached the peak of $643K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Algeria in 2022:

1. Italy (2.5K units)
2. France (2.3K units)
3. Spain (1.9K units)
4. United Kingdom (1.1K units)
5. Turkey (0.3K units)
6. Czech Republic (0.3K units)

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Algeria

In 2020, the amount of articles of apparel, clothing accessories and other articles of furskin exported from Algeria contracted rapidly to 26 units, reducing by -93.5% on the previous year's figure. Overall, exports continue to indicate a precipitous descent. Over the period under review, the exports of attained the peak figure at 403 units in 2019, and then reduced dramatically in the following year.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin dropped remarkably to $567 in 2020. Over the period under review, exports saw a dramatic downturn. Over the period under review, the exports of hit record highs at $8.7K in 2019, and then reduced remarkably in the following year.

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Algeria in 2022:

1. Mauritania (25.0 units)
2. Netherlands (1.0 units)

Source: IndexBox Market Intelligence Platform