Algeria: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Algeria

The Algerian market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reduced to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a noticeable increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports from Algeria

In 2022, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Algeria rose remarkably to X units, with an increase of X% against the year before. In general, exports, however, showed a perceptible descent. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process declined to $X in 2022. Overall, exports, however, faced a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria (X units), Austria (X units) and the Netherlands (X units) were the main destinations of exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Algeria, together comprising X% of total exports. Moreover, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process in Nigeria exceeded the figures recorded by the second-largest exporter, Austria, twofold.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the key foreign market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Austria (X% per year).

Export Prices by Country

The average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to the Netherlands ($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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports into Algeria

In 2022, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process into Algeria skyrocketed to X units, increasing by X% against 2021. Overall, imports posted tangible growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process dropped to $X in 2022. Over the period under review, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest machinery for material treatment by heating or cooling process supplier to Algeria, with a X% share of total imports. Moreover, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. Greece (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Greece (X% per year).

In value terms, the largest machinery for material treatment by heating or cooling process suppliers to Algeria were China ($X), Thailand ($X) and France ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded 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 import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then fell rapidly in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :