Algeria: Bracelet Market 2024

Bracelet Market Size in Algeria

The Algerian bracelet market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Bracelet Production in Algeria

In value terms, bracelet production fell to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Bracelet Exports

Exports from Algeria

In 2022, overseas shipments of watch straps, bands and bracelets decreased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a deep slump. The smallest decline of X% was in 2020. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bracelet exports dropped sharply to $X in 2022. Over the period under review, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X units), Poland (X units) and Portugal (X units) were the main destinations of bracelet exports from Algeria. Moreover, bracelet exports in Switzerland exceeded the figures recorded by the second-largest exporter, Poland, twofold.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for watch straps, bands and bracelets exports from Algeria, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

From 2019 to 2022, the average annual growth rate of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Portugal (X% per year).

Export Prices by Country

The average bracelet export price stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a slight increase. The pace of growth was the most pronounced in 2020 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bracelet Imports

Imports into Algeria

In 2022, approx. X units of watch straps, bands and bracelets were imported into Algeria; dropping by X% compared with 2021 figures. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, bracelet imports reduced sharply to $X in 2022. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Morocco (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of bracelet imports to Algeria, together comprising X% of total imports.

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

In value terms, Morocco ($X) constituted the largest supplier of watch straps, bands and bracelets to Algeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average bracelet import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform