Algeria: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Algeria

In 2022, the Algerian electro-magnetic coupling market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from Algeria

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes was finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 124%. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electro-magnetic coupling exports declined to $X in 2022. In general, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 91%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X kg) was the main destination for electro-magnetic coupling exports from Algeria, with a 69% share of total exports. Moreover, electro-magnetic coupling exports to Belgium exceeded the volume sent to the second major destination, Italy (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-20.2% per year) and France (-18.3% per year).

In value terms, Belgium ($X) emerged as the key foreign market for electro-magnetic couplings, clutches and brakes exports from Algeria, comprising 65% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-20.7% per year) and France (-19.9% per year).

Export Prices by Country

The average electro-magnetic coupling export price stood at $X per ton in 2022, declining by -7.9% against the previous year. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 48%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 Italy (-0.7%).

Electro-Magnetic Coupling Imports

Imports into Algeria

Electro-magnetic coupling imports into Algeria skyrocketed to X tons in 2022, rising by 32% against the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 68% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electro-magnetic coupling imports skyrocketed to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.2% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 116% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of electro-magnetic coupling imports to Algeria, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +68.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of electro-magnetic couplings, clutches and brakes to Algeria, comprising 35% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports. It was followed by Indonesia, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and Indonesia (+1.0% per year).

Import Prices by Country

In 2022, the average electro-magnetic coupling import price amounted to $X per ton, declining by -3.8% against the previous year. Over the period under review, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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