Algeria: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in Algeria

In 2022, the Algerian hot-rolled steel products market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption posted measured growth. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Hot-Rolled Steel Products Exports

Exports from Algeria

In 2022, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) exported from Algeria declined to X tons, with a decrease of X% on 2021 figures. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, hot-rolled steel products exports soared to $X in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for hot-rolled steel products exports from Algeria, with a X% share of total exports. Moreover, hot-rolled steel products exports to Italy exceeded the volume sent to the second major destination, Egypt (X tons), threefold. Tunisia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Tunisia (X% per year).

In value terms, Italy ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Tunisia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Tunisia (X% per year).

Export Prices by Country

The average hot-rolled steel products export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price 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, hot-rolled steel products export price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Tunisia ($X per ton), while the average price for exports to Spain ($X per ton) and Egypt ($X per ton) were amongst the lowest.

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

Hot-Rolled Steel Products Imports

Imports into Algeria

In 2022, overseas purchases of flat-rolled products of iron or steel (not further worked than hot-rolled) were finally on the rise to reach X tons after two years of decline. In general, imports showed a perceptible increase. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hot-rolled steel products imports surged to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Ukraine (X tons) and Russia (X tons) were the main suppliers of hot-rolled steel products imports to Algeria, with a combined X% share of total imports. Turkey, France, India, the UK, Spain, Japan, Italy, Egypt, Hungary and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and France ($X) appeared to be the largest hot-rolled steel products suppliers to Algeria, with a combined X% share of total imports. Russia, Ukraine, India, Japan, Spain, Hungary, Italy, Egypt, the UK and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hot-rolled steel products import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price 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, hot-rolled steel products import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Hungary ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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