Algeria: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Algeria

In 2022, the Algerian base metal hinge market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Base Metal Hinge Exports

Exports from Algeria

In 2022, overseas shipments of base metal hinges were finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a sharp slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal hinge exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a precipitous contraction. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X kg) was the main destination for base metal hinge exports from Algeria, accounting for a X% share of total exports. Moreover, base metal hinge exports to Portugal exceeded the volume sent to the second major destination, the United States (X kg), fourfold. Turkey (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turkey (X% per year).

In value terms, Portugal ($X) emerged as the key foreign market for base metal hinges exports from Algeria, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average base metal hinge export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($X 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 Turkey (X%).

Base Metal Hinge Imports

Imports into Algeria

In 2022, supplies from abroad of base metal hinges was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, base metal hinge imports surged to $X in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest base metal hinge supplier to Algeria, with a X% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Tunisia (X% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to Algeria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Tunisia (X% per year).

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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