Algeria: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Algeria

The Algerian conveyor or transmission belt market amounted to $X in 2021, growing by 8.2% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Conveyor Or Transmission Belts Or Belting in Algeria

In value terms, conveyor or transmission belt production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Algeria

Conveyor or transmission belt exports from Algeria soared to X tons in 2021, with an increase of 252% against 2020 figures. Over the period under review, exports showed a significant expansion. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports skyrocketed to $X in 2021. Overall, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X kg), Italy (X kg) and Turkey (X kg) were the main destinations of conveyor or transmission belt exports from Algeria, with a combined 83% share of total exports. Mauritania and Niger lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Mauritania (with a CAGR of +122.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the key foreign market for conveyor or transmission belts or belting exports from Algeria, comprising 73% of total exports. The second position in the ranking was held by Turkey ($X), with an 11% share of total exports. It was followed by Mauritania, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Nigeria amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+88.7% per year) and Mauritania (+25.1% per year).

Export Prices by Country

The average conveyor or transmission belt export price stood at $X per ton in 2021, reducing by -8.9% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 43%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+104.3%), while the prices for the other major destinations experienced a decline.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Algeria

In 2021, the amount of conveyor or transmission belts or belting imported into Algeria surged to X tons, jumping by 47% against the previous year. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, conveyor or transmission belt imports surged to $X in 2021. In general, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), France (X tons) and Turkey (X tons) were the main suppliers of conveyor or transmission belt imports to Algeria, together accounting for 40% of total imports. These countries were followed by Italy, Spain, Thailand, Germany, India and South Korea, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt suppliers to Algeria were Italy ($X), France ($X) and China ($X), with a combined 39% share of total imports.

Among the main suppliers, Italy, with a CAGR of +11.9%, 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 more modest paces of growth.

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, picking up by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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