Algeria: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Algeria

The Algerian driving and non-driving axle market rose significantly to $X in 2021, with an increase of 5.2% 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). Over the period under review, consumption recorded a relatively flat trend pattern. Driving and non-driving axle consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Algeria

In 2021, the amount of drive-axles with differential and non-driving axles exported from Algeria skyrocketed to X tons, increasing by 54% compared with the year before. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 2,234% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports expanded modestly to $X in 2021. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,046%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for driving and non-driving axle exports from Algeria, accounting for a 92% share of total exports. Moreover, driving and non-driving axle exports to Romania exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold. The third position in this ranking was taken by France (X kg), with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +85.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and France (-1.7% per year).

In value terms, Romania ($X) emerged as the key foreign market for driving and non-driving axle exports from Algeria, comprising 81% of total exports. The second position in the ranking was held by Turkey ($X), with an 11% share of total exports. It was followed by France, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +241.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and France (-13.0% per year).

Export Prices by Country

The average driving and non-driving axle export price stood at $X per ton in 2021, waning by -32.2% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2019 an increase of 79% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Romania ($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 Italy (+109.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Algeria

In 2021, driving and non-driving axle imports into Algeria rose sharply to X tons, growing by 11% against the year before. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 141% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, driving and non-driving axle imports rose slightly to $X in 2021. Overall, imports saw a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of 137% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest driving and non-driving axle supplier to Algeria, accounting for a 59% share of total imports. Moreover, driving and non-driving axle imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The third position in this ranking was taken by India (X tons), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.1% per year) and India (+26.8% per year).

In value terms, China ($X), France ($X) and Spain ($X) were the largest driving and non-driving axle suppliers to Algeria, with a combined 68% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +33.5%, 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

In 2021, the average driving and non-driving axle import price amounted to $X per ton, reducing by -6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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