Algeria: Check Valve Market 2024

Check Valve Market Size in Algeria

In 2021, after four years of decline, there was significant growth in the Algerian check valve market, when its value increased by 95% to $X. Over the period under review, consumption, however, saw a pronounced setback. Check valve consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Check Valve Exports

Exports from Algeria

In 2021, approx. X units of check valves for pipes, boiler shells, tanks and vats were exported from Algeria; rising by 45% on 2020. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 811% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, check valve exports surged to $X in 2021. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 518%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for check valve exports from Algeria, accounting for a 59% share of total exports. Moreover, check valve exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. India (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+34.1% per year) and India (0.0% per year).

In value terms, France ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Algeria, comprising 65% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total exports. It was followed by India, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.1% per year) and India (0.0% per year).

Export Prices by Country

The average check valve export price stood at $X per unit in 2021, growing by 46% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 89%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($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 the United States (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Check Valve Imports

Imports into Algeria

In 2021, overseas purchases of check valves for pipes, boiler shells, tanks and vats were finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a noticeable decline. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, check valve imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced descent. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of check valve to Algeria, with a 45% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, France (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.7% per year) and Turkey (+4.7% per year).

In value terms, France ($X), China ($X) and the UK ($X) constituted the largest check valve suppliers to Algeria, together accounting for 48% of total imports. These countries were followed by Turkey, Spain, Italy, Germany, Brazil and South Korea, which together accounted for a further 9.5%.

Among the main suppliers, Brazil, with a CAGR of +27.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average check valve import price stood at $X per unit in 2021, picking up by 43% against the previous year. In general, the import price, however, continues to indicate a mild downturn. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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