Price for Textiles; Worn Clothing and Other Worn Articles in Algeria - 2022

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Algeria (CIF) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Algeria (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Algeria
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Algeria

Price for Textiles; Worn Clothing and Other Worn Articles in Algeria (CIF) - 2022

In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $1,043 per ton, which is down by -25.1% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices attained the maximum at $3,100 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($3,844 per ton), while the price for Japan ($110 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Algeria (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $3,450 per ton, growing by 43% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 64%. The export price peaked at $3,798 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($10,902 per ton), while the average price for exports to Tanzania ($730 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textiles; Worn Clothing and Other Worn Articles in Algeria

Imports of textiles; worn clothing and other worn articleses into Algeria skyrocketed to 857 tons in 2022, growing by 100% compared with the previous year's figure. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of textiles; worn clothing and other worn articleses soared to $894K in 2022. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2021 when imports increased by 138% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Algeria in 2022:

1. Spain (569.3 tons)
2. Japan (137.1 tons)
3. Belgium (46.7 tons)
4. Cambodia (30.4 tons)
5. France (20.0 tons)
6. Singapore (13.0 tons)
7. Sweden (7.8 tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Algeria

In 2022, shipments abroad of textiles; worn clothing and other worn articleses decreased by -70.6% to 7.9 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 163%.

In value terms, exports of textiles; worn clothing and other worn articleses shrank dramatically to $27K in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 108%. As a result, the exports attained the peak of $65K, and then contracted rapidly in the following year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Algeria in 2022:

1. Kuwait (2888.0 kg)
2. Nigeria (2077.0 kg)
3. South Korea (1659.0 kg)
4. Portugal (536.0 kg)
5. Angola (257.0 kg)
6. Cote d'Ivoire (123.0 kg)
7. Tanzania (122.0 kg)

Source: IndexBox Market Intelligence Platform