Algeria: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Algeria

In 2022, after two years of growth, there was significant decline in the Algerian geometrical quantities electronic measurer market, when its value decreased by -39.1% to $X. In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank notably in the following year.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Algeria

Geometrical quantities electronic measurer exports from Algeria amounted to X units in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2013 with an increase of 116%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports rose notably to $X in 2022. Overall, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2016 with an increase of 126% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units), Spain (X units) and Italy (X units) were the main destinations of geometrical quantities electronic measurer exports from Algeria, together comprising 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of -1.2%), while the other leaders experienced a decline.

In value terms, Russia ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Algeria, comprising 30% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Spain, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-19.0% per year) and Spain (-1.1% per year).

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, increasing by 8.4% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer export price increased by +122.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 105%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Nigeria ($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 United States (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Algeria

In 2022, supplies from abroad of electronic instruments and machines for measuring geometrical quantities decreased by -65% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted notably in the following year.

In value terms, geometrical quantities electronic measurer imports reduced to $X in 2022. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 85%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

China (X units), Russia (X units) and Italy (X units) were the main suppliers of geometrical quantities electronic measurer imports to Algeria, with a combined 65% share of total imports. South Korea, Turkey, France, the United Arab Emirates, Spain, Germany and the United States lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Algeria, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 4.2% share of total imports. It was followed by the United States, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.0% per year) and the United States (+3.9% per year).

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, increasing by 169% against the previous year. In general, the import price continues to indicate a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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