Algeria: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Algeria

The Algerian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) reached $X in 2021, with an increase of 8.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a slight increase. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Algeria

Exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Algeria contracted notably to X tons in 2021, reducing by -49.6% compared with 2020. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 12,462%. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) fell remarkably to $X in 2021. In general, exports, however, continue to indicate moderate growth. The pace of growth appeared the most rapid in 2020 when exports increased by 5,992%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Algeria, accounting for a 38% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Tunisia exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tunisia amounted to +7.7%.

In value terms, Tunisia ($X) emerged as the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Algeria, comprising 66% of total exports. The second position in the ranking was held by Turkey ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Tunisia stood at -2.0%.

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 9.8%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Tunisia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-8.6%).

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Algeria

Imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Algeria rose modestly to X tons in 2021, surging by 2.3% compared with the year before. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.2% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 31%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) totaled $X in 2021. Overall, imports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Algeria, with a combined 46% share of total imports. South Korea, Saudi Arabia, India, Spain, France and Italy lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +72.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Algeria, comprising 26% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.0% per year) and Belgium (-3.5% per year).

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, surging by 5.9% against the previous year. Overall, the import price, however, saw a abrupt decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform