Algeria: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in Algeria

In 2021, the Algerian hot-rolled steel products market increased by 11% to $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption showed a noticeable descent. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Hot-Rolled Steel Products Exports

Exports from Algeria

Hot-rolled steel products exports from Algeria soared to X tons in 2021, increasing by 332% compared with the previous year's figure. In general, exports posted a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 441% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, hot-rolled steel products exports surged to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for hot-rolled steel products exports from Algeria, with a 66% share of total exports. Moreover, hot-rolled steel products exports to Italy exceeded the volume sent to the second major destination, Tunisia (X tons), more than tenfold. Spain (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+2.2% per year) and Spain (+10.3% per year).

In value terms, Italy ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from Algeria, comprising 63% of total exports. The second position in the ranking was held by Tunisia ($X), with a 7.2% share of total exports. It was followed by Egypt, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+5.5% per year) and Egypt (+11.7% per year).

Export Prices by Country

The average hot-rolled steel products export price stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the export price saw a mild increase. The growth pace was the most rapid in 2016 an increase of 40% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Egypt ($X per ton) and Tunisia ($X per ton), while the average price for exports to Spain ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into Algeria

In 2021, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) imported into Algeria was estimated at X tons, surging by 5.3% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 57%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, hot-rolled steel products imports soared to $X in 2021. In general, imports, however, showed a slight descent. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hot-rolled steel products to Algeria, with a 24% share of total imports. Moreover, hot-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+9.5% per year) and Turkey (+9.8% per year).

In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than hot-rolled) to Algeria, comprising 26% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by Spain, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +50.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.4% per year) and Spain (-3.2% per year).

Import Prices by Country

The average hot-rolled steel products import price stood at $X per ton in 2021, surging by 42% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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