Algeria: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Algeria

In 2022, after two years of growth, there was significant decline in the Algerian market for vacuum pumps and air or gas compressors, when its value decreased by -8.1% to $X. Overall, consumption, however, showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in Algeria

In value terms, production of vacuum pumps and air or gas compressors reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Algeria

In 2022, exports of vacuum pumps and air or gas compressors from Algeria reduced notably to X units, with a decrease of -62.3% against 2021. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 1,097% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors shrank notably to $X in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of 1,016% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

France (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Algeria, with a 58% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to France exceeded the volume sent to the second major destination, the UK (X units), fourfold. Niger (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+33.5% per year) and Niger (+11.0% per year).

In value terms, France ($X) emerged as the key foreign market for vacuum pumps and air or gas compressors exports from Algeria, comprising 69% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by Niger, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.4% per year) and Niger (+28.8% per year).

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, jumping by 44% against the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 299% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($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 Czech Republic (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Algeria

In 2022, after two years of growth, there was significant decline in purchases abroad of vacuum pumps and air or gas compressors, when their volume decreased by -10.4% to X units. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2016 when imports increased by 73%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, imports of vacuum pumps and air or gas compressors rose significantly to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 -7.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 76% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Algeria, accounting for a 85% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.0% per year) and Malaysia (-11.3% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Algeria, comprising 28% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.9% share of total imports. It was followed by Malaysia, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.6% per year) and Malaysia (-2.9% per year).

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, picking up by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 92% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 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 Turkey ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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