Algeria: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Algeria

The Algerian concrete-mixer lorry market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a sharp setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Concrete-Mixer Lorry Exports

Exports from Algeria

In 2022, approx. X units of concrete-mixer lorries were exported from Algeria; increasing by 25% against the year before. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 200% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 402% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X units) was the main destination for concrete-mixer lorry exports from Algeria, accounting for a 60% share of total exports. Moreover, concrete-mixer lorry exports to Senegal exceeded the volume sent to the second major destination, France (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Senegal stood at +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.9% per year) and Italy (-6.7% per year).

In value terms, Senegal ($X) emerged as the key foreign market for concrete-mixer lorries exports from Algeria, comprising 65% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Senegal amounted to +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.2% per year) and Italy (+0.9% per year).

Export Prices by Country

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, rising by 9.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible increase. The growth pace was the most rapid in 2019 an increase of 67%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Italy ($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 Senegal (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into Algeria

In 2022, supplies from abroad of concrete-mixer lorries was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a significant decrease. The pace of growth appeared the most rapid in 2019 with an increase of 225% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, concrete-mixer lorry imports soared to $X in 2022. Overall, imports, however, faced a sharp slump. The pace of growth appeared the most rapid in 2019 with an increase of 222% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), South Korea (X units) and Italy (X units) were the main suppliers of concrete-mixer lorry imports to Algeria, with a combined 50% share of total imports. China, the United States, Turkey, Belgium, Russia, Japan, the Netherlands, Germany and France lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +4.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), the United States ($X) and Spain ($X) appeared to be the largest concrete-mixer lorry suppliers to Algeria, together comprising 58% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of -3.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average concrete-mixer lorry import price stood at $X per unit in 2022, picking up by 57% against the previous year. Overall, the import price, however, saw a abrupt decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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