Algeria: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Algeria

In 2022, after two years of growth, there was significant decline in the Algerian refrigerator compressor market, when its value decreased by -24.8% to $X. In general, consumption, however, recorded a tangible expansion. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Refrigerator Compressor Exports

Exports from Algeria

In 2022, approx. X units of compressors for refrigeration equipment were exported from Algeria; which is down by -30% compared with 2021 figures. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by 3,075% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, refrigerator compressor exports rose remarkably to $X in 2022. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 3,987%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Niger (X units), Spain (X units) and Italy (X units) were the main destinations of refrigerator compressor exports from Algeria. Moreover, refrigerator compressor exports in Niger exceeded the figures recorded by the second-largest exporter, Spain, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for refrigerator compressor exported from Algeria were Niger ($X), Italy ($X) and Spain ($X).

Italy, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refrigerator compressor export price stood at $X per unit in 2022, surging by 52% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 257% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Niger ($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 Italy (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator Compressor Imports

Imports into Algeria

After two years of growth, purchases abroad of compressors for refrigeration equipment decreased by -29.1% to X units in 2022. In general, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2018 with an increase of 112%. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, refrigerator compressor imports dropped rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator compressor to Algeria, accounting for a 84% share of total imports. Moreover, refrigerator compressor imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was taken by Brazil (X units), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.8% per year) and Brazil (+28.4% per year).

In value terms, China ($X) constituted the largest supplier of compressors for refrigeration equipment to Algeria, comprising 62% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by Spain, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.4% per year) and Spain (+6.0% per year).

Import Prices by Country

The average refrigerator compressor import price stood at $X per unit in 2022, picking up by 18% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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