Algeria: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Algeria

The Algerian wood-based panels market contracted slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wood-Based Panels Production in Algeria

In value terms, wood-based panels production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Wood-based panels production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Wood-Based Panels Exports

Exports from Algeria

In 2022, the amount of wood-based panels exported from Algeria contracted notably to X cubic meters, with a decrease of X% against the previous year's figure. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2021, and then reduced sharply in the following year.

In value terms, wood-based panels exports dropped to $X in 2022. Over the period under review, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Turkey (X cubic meters) was the main destination for wood-based panels exports from Algeria, with a X% share of total exports. Moreover, wood-based panels exports to Turkey exceeded the volume sent to the second major destination, Morocco (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Portugal (X% per year).

In value terms, Turkey ($X) remains the key foreign market for wood-based panels exports from Algeria, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Portugal (X% per year).

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, surging by X% against the previous year. In general, the export price recorded a resilient expansion. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per cubic meter), while the average price for exports to Portugal ($X per cubic meter) was amongst the lowest.

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

Wood-Based Panels Imports

Imports into Algeria

In 2022, the amount of wood-based panels imported into Algeria shrank to X cubic meters, which is down by X% against the previous year's figure. Over the period under review, total imports indicated mild growth from 2012 to 2022: its volume 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood-based panels imports shrank to $X in 2022. In general, imports showed a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X cubic meters), China (X cubic meters) and Bulgaria (X cubic meters) were the main suppliers of wood-based panels imports to Algeria, together accounting for 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 Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Bulgaria ($X) were the largest wood-based panels suppliers to Algeria, with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 wood-based panels import price amounted to $X per cubic meter, increasing by X% against the previous year. Overall, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :