Algeria: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Algeria

For the fourth consecutive year, the Algerian metal self-locking nut market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports from Algeria

Metal self-locking nut exports from Algeria fell markedly to X tons in 2022, reducing by X% compared with 2021. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports contracted remarkably to $X in 2022. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Italy (X kg) was the main destination for metal self-locking nut exports from Algeria, with a X% share of total exports. Moreover, metal self-locking nut exports to Italy exceeded the volume sent to the second major destination, Ghana (X kg), twofold. Austria (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for metal self-locking nut exported from Algeria were the United States ($X), Italy ($X) and France ($X), with a combined X% share of total exports. Ghana and Austria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal self-locking nut export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 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.

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 States ($X per ton), while the average price for exports to Italy ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Metal Self-Locking Nut Imports

Imports into Algeria

In 2022, the amount of iron or steel nuts (including self-locking nuts) imported into Algeria dropped to X tons, reducing by X% on the previous year. Overall, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal self-locking nut imports contracted to $X in 2022. In general, total imports indicated modest 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, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal self-locking nut to Algeria, with a X% share of total imports. Moreover, metal self-locking nut imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Russia (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to Algeria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average metal self-locking nut import price stood at $X per ton in 2022, waning by X% against the previous year. In general, import 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, metal self-locking nut import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Russia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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