Algeria: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Algeria

In 2022, the Algerian concrete reinforcing bar market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Concrete Reinforcing Bar Production in Algeria

In value terms, concrete reinforcing bar production expanded remarkably to $X in 2022 estimated in export price. In general, production showed a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 612%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports from Algeria

In 2022, approx. X tons of concrete reinforcing bars were exported from Algeria; reducing by 99.9% against the previous year's figure. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 3,488,821%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, concrete reinforcing bar exports contracted notably to $X in 2022. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 18,771% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Germany (X tons) was the main destination for concrete reinforcing bar exports from Algeria, with a 23% share of total exports. Moreover, concrete reinforcing bar exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -100.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-89.5% per year) and the Netherlands (-100.0% per year).

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest markets for concrete reinforcing bar exported from Algeria worldwide, together comprising 43% of total exports. Ireland, Romania and Estonia lagged somewhat behind, together comprising a further 6.1%.

In terms of the main countries of destination, Estonia, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, shrinking by -62% against the previous year. In general, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of 11,815%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+831.8%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Reinforcing Bar Imports

Imports into Algeria

For the third consecutive year, Algeria recorded decline in purchases abroad of concrete reinforcing bars, which decreased by -18.8% to X tons in 2022. In general, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2019 when imports increased by 321%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar imports reduced rapidly to $X in 2022. Overall, imports showed a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 260% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of concrete reinforcing bar to Algeria, accounting for a 41% share of total imports. Moreover, concrete reinforcing bar imports from Lithuania exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Latvia (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania amounted to -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-8.8% per year) and Latvia (-12.2% per year).

In value terms, Lithuania ($X) constituted the largest supplier of concrete reinforcing bars to Algeria, comprising 44% of total imports. The second position in the ranking was taken by Poland ($X), with a 20% share of total imports. It was followed by Greece, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-10.0% per year) and Greece (-41.3% per year).

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, shrinking by -3.1% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Poland ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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