Algeria: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Algeria

The Algerian market for electrical boards, panels, consoles, desks and cabinets soared to $X in 2021, picking up by 36% 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). In general, consumption saw resilient growth. Electric board, desk and panel consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Algeria

In 2021, the amount of electrical boards, panels, consoles, desks and cabinets exported from Algeria surged to X units, picking up by 1,001% against 2020 figures. Overall, exports showed a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,275%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electric board, desk and panel exports skyrocketed to $X in 2021. Over the period under review, exports saw perceptible growth. The pace of growth was the most pronounced in 2019 with an increase of 1,580% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Tunisia (X units) was the main destination for electric board, desk and panel exports from Algeria, with a 65% share of total exports. Moreover, electric board, desk and panel exports to Tunisia exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by Portugal (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Tunisia amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.5% per year) and Portugal (+29.6% per year).

In value terms, France ($X), Spain ($X) and Tunisia ($X) appeared to be the largest markets for electric board, desk and panel exported from Algeria worldwide, with a combined 98% share of total exports. These countries were followed by Portugal, which accounted for a further 2.2%.

Portugal, with a CAGR of +55.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, increasing by 37% against the previous year. In general, the export price showed moderate growth. The pace of growth appeared the most rapid in 2016 an increase of 124% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Algeria

Electric board, desk and panel imports into Algeria surged to X units in 2021, with an increase of 68% compared with the previous year. Over the period under review, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric board, desk and panel imports surged to $X in 2021. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 62%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Spain (X units) constituted the largest electric board, desk and panel supplier to Algeria, with a 38% share of total imports. Moreover, electric board, desk and panel imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. France (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.2% per year) and France (+0.8% per year).

In value terms, Spain ($X) constituted the largest supplier of electrical boards, panels, consoles, desks and cabinets to Algeria, comprising 36% of total imports. The second position in the ranking was taken by Poland ($X), with a 4.2% share of total imports. It was followed by China, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+35.5% per year) and China (+1.8% per year).

Import Prices by Country

In 2021, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, which is down by -25.2% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric board, desk and panel import price decreased by -38.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 52%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+43.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :