Algeria: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Algeria

The Algerian glass fibres and wool market reduced slightly to $X in 2022, falling by -2.5% 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, consumption, however, saw a slight shrinkage. Glass fibres and wool consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Glass Fibres And Glass Wool

Exports from Algeria

In 2022, overseas shipments of glass fibres and glass wool decreased by 0% to X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports faced a abrupt decrease. The smallest decline of -10.5% was in 2015. The exports peaked at X kg in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibres and wool exports stood at $X in 2022. Overall, exports posted prominent growth. The growth pace was the most rapid in 2014 when exports increased by 9.5% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X kg) was the main destination for glass fibres and wool exports from Algeria, accounting for a 83% share of total exports. Moreover, glass fibres and wool exports to the United Arab Emirates exceeded the volume sent to the second major destination, France (X kg), fivefold.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2013 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2022, the average glass fibres and wool export price amounted to $X per ton, leveling off at the previous year. In general, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 the United Arab Emirates ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-32.0%).

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Imports of Glass Fibres And Glass Wool

Imports into Algeria

In 2022, supplies from abroad of glass fibres and glass wool increased by 15% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 80% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, glass fibres and wool imports reduced to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 48%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibres and wool supplier to Algeria, accounting for a 37% share of total imports. Moreover, glass fibres and wool imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+58.6% per year) and Spain (+7.1% per year).

In value terms, China ($X) constituted the largest supplier of glass fibres and glass wool to Algeria, comprising 23% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.8% share of total imports. It was followed by France, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+85.0% per year) and France (+3.2% per year).

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, reducing by -20.7% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 2015 when the average import price increased by 50% against the previous year. The import price peaked at $X per ton in 2021, and then fell rapidly in the following year.

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 Poland ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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