Algeria: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Algeria

In 2022, the Algerian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -24.1% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Algeria

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles exported from Algeria soared to X units, with an increase of 327% compared with the previous year. In general, exports, however, showed a abrupt descent. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 907%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Algeria, with a 83% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to India exceeded the volume sent to the second major destination, Argentina (X units), more than tenfold. The third position in this ranking was held by Jordan (X units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and Jordan (-15.9% per year).

In value terms, India ($X), Argentina ($X) and Jordan ($X) constituted the largest markets for agricultural, construction and industrial machinery tyre exported from Algeria worldwide, together accounting for 99% of total exports. Brazil lagged somewhat behind, comprising a further 0.7%.

Among the main countries of destination, Brazil, with a CAGR of +101.5%, 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

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, which is down by -40.2% against the previous year. Over the period under review, the export price showed a mild setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 346%. As a result, the export price reached the peak level of $X per unit, and then fell notably in the following year.

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 Argentina ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+28.2%), while the prices for the other major destinations experienced a decline.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Algeria

In 2022, supplies from abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -26.1% to X units, falling for the third year in a row after two years of growth. Overall, imports saw a deep reduction. The growth pace was the most rapid in 2018 with an increase of 36%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles contracted rapidly to $X in 2022. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Algeria, accounting for a 44% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by India (X units), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.8% per year) and India (-14.5% per year).

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to Algeria were China ($X), Turkey ($X) and France ($X), with a combined 63% share of total imports. Japan, India, Poland, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Poland, with a CAGR of +0.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, surging by 4.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 21%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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