Algeria: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Algeria

After two years of decline, the Algerian electrical circuit apparatus market increased by 14% to $X in 2021. In general, consumption, however, recorded a mild contraction. Electrical circuit apparatus consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Algeria

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported from Algeria contracted to X tons, dropping by -8.9% on the previous year. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 51%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports reduced modestly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 27%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for electrical circuit apparatus exports from Algeria, with a 33% share of total exports. Moreover, electrical circuit apparatus exports to Nigeria exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Benin (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria amounted to +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+32.0% per year) and Benin (-18.5% per year).

In value terms, the UK ($X), Nigeria ($X) and Russia ($X) appeared to be the largest markets for electrical circuit apparatus exported from Algeria worldwide, with a combined 44% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +29.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, increasing by 8.9% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical circuit apparatus export price decreased by -6.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Cameroon ($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 Mali (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Algeria

In 2021, imports of electrical apparatus for circuit connection, switching and protection into Algeria skyrocketed to X tons, with an increase of 18% against 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports stood at $X in 2021. Overall, imports, however, showed a mild curtailment. The growth pace was the most rapid in 2013 when imports increased by 22% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of electrical circuit apparatus imports to Algeria, together accounting for 62% of total imports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +82.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and China ($X) appeared to be the largest electrical circuit apparatus suppliers to Algeria, with a combined 50% share of total imports.

The United Arab Emirates, with a CAGR of +79.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per ton in 2021, with a decrease of -3.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 21%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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