Algeria: Power Tool Market 2024

Power Tool Market Size in Algeria

In 2021, the Algerian power tool market increased by 27% to $X, rising for the fifth consecutive year after two years of decline. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.6% against 2016 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Power Tool Exports

Exports from Algeria

In 2021, shipments abroad of power tools increased by 4.1% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 479% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, power tool exports expanded modestly to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 447%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X units) was the main destination for power tool exports from Algeria, with a 62% share of total exports. Moreover, power tool exports to Austria exceeded the volume sent to the second major destination, South Africa (X units), more than tenfold. Portugal (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria totaled +52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and Portugal (+31.2% per year).

In value terms, Austria ($X) emerged as the key foreign market for power tools exports from Algeria, comprising 70% of total exports. The second position in the ranking was taken by France ($X), with a 3.2% share of total exports. It was followed by Portugal, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +57.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+40.9% per year) and Portugal (+22.9% per year).

Export Prices by Country

In 2021, the average power tool export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

Power Tool Imports

Imports into Algeria

In 2021, purchases abroad of power tools increased by 24% to X units, rising for the fifth consecutive year after two years of decline. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 95%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, power tool imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 108% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of power tool to Algeria, accounting for a 94% share of total imports. It was followed by Germany (X units), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.2%.

In value terms, China ($X) constituted the largest supplier of power tools to Algeria, comprising 84% of total imports. The second position in the ranking was held by Germany ($X), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +8.0%.

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, rising by 5.3% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 124%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Source: IndexBox Platform

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