Algeria: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Algeria

In 2021, the Algerian market for wiring sets used in vehicles, aircraft or ships was finally on the rise to reach $X after two years of decline. Overall, consumption posted a resilient expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Algeria

In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships decreased by -77.8% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 1,352% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships plummeted to $X in 2021. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 431%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Algeria, accounting for a 89% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Romania exceeded the volume sent to the second major destination, the United States (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania was relatively modest.

In value terms, Romania ($X) emerged as the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Algeria, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Romania was relatively modest.

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, increasing by 85% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2013 an increase of 108% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.6%).

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Algeria

In 2021, overseas purchases of wiring sets used in vehicles, aircraft or ships were finally on the rise to reach X tons after two years of decline. In general, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 36% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. Over the period under review, imports showed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 114% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), France (X tons) and the United States (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Algeria, with a combined 62% share of total imports. Turkey, South Korea, Tunisia, Malaysia, Democratic People's Republic of Korea, Romania, the United Arab Emirates and India lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were in Tunisia (with a CAGR of +69.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Algeria were France ($X), the United States ($X) and China ($X), with a combined 69% share of total imports. These countries were followed by Turkey, Tunisia, South Korea, Romania, Malaysia, the United Arab Emirates, India and Democratic People's Republic of Korea, which together accounted for a further 17%.

In terms of the main suppliers, Tunisia, with a CAGR of +58.0%, recorded the highest growth rate of 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

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, with an increase of 79% against the previous year. In general, the import price continues to indicate a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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