Algeria: Base Metal Hook Market 2023

Base Metal Hook Market Size in Algeria

The Algerian base metal hook market soared to $X in 2021, picking up by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Base Metal Hook Exports

Exports from Algeria

In 2020, overseas shipments of base metal hooks, eyes and eyelets decreased by 0% to X kg for the first time since 2017, thus ending a two-year declining trend. In general, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

In value terms, base metal hook exports stood at $X in 2020. Overall, exports showed a abrupt shrinkage. The smallest decline of -6.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg) was the main destination for base metal hook exports from Algeria, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to the Czech Republic was relatively modest.

Export Prices by Country

The average base metal hook export price stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 a decrease of -38%. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2020, the rate of growth in terms of prices for the Czech Republic amounted to 0.0% per year.

Base Metal Hook Imports

Imports into Algeria

Base metal hook imports into Algeria totaled X tons in 2021, increasing by 6.1% against 2020 figures. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, base metal hook imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 56%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of base metal hook to Algeria, with a 92% share of total imports. Moreover, base metal hook imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.9% per year) and Spain (+3.6% per year).

In value terms, China ($X) constituted the largest supplier of base metal hook to Algeria, comprising 91% of total imports. The second position in the ranking was held by Italy ($X), with a 4.3% share of total imports. It was followed by Spain, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.4% per year) and Spain (+1.3% per year).

Import Prices by Country

The average base metal hook import price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal hook import price increased by +79.0% against 2016 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 27%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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