Algeria: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Algeria

The Algerian market for hand-operated drilling, threading or tapping tools shrank significantly to $X in 2022, falling by X% 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). Over the period under review, the total consumption indicated a modest increase 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 increased by X% against 2020 indices. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Algeria

In 2022, approx. X kg of hand-operated drilling, threading or tapping tools were exported from Algeria; shrinking by X% compared with the previous year's figure. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X kg in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of hand-operated drilling, threading or tapping tools fell notably to $X in 2022. Overall, exports faced a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Austria (X kg) was the main destination for exports of hand-operated drilling, threading or tapping tools from Algeria, accounting for a X% share of total exports. Moreover, exports of hand-operated drilling, threading or tapping tools to Austria exceeded the volume sent to the second major destination, Russia (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria amounted to X%.

In value terms, Austria ($X) remains the key foreign market for hand-operated drilling, threading or tapping tools exports from Algeria, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to X%.

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a mild setback. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%).

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Algeria

Imports of hand-operated drilling, threading or tapping tools into Algeria dropped remarkably to X tons in 2022, reducing by X% against 2021 figures. Overall, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of hand-operated drilling, threading or tapping tools fell dramatically to $X in 2022. Over the period under review, imports showed a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of hand-operated drilling, threading or tapping tools to Algeria, together comprising X% of total imports. India and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hand-operated drilling, threading or tapping tools to Algeria, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :