Algeria: Cushion Cover Market 2024

Cushion Cover Market Size in Algeria

In 2021, the Algerian cushion cover market increased by 1.3% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Cushion cover consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cushion Cover Production in Algeria

In value terms, cushion cover production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 14% against the previous year. Cushion cover production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Cushion Cover Exports

Exports from Algeria

In 2021, after four years of decline, there was significant growth in overseas shipments of furnishing articles for car seats, when their volume increased by 946% to X kg. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cushion cover exports skyrocketed to $X in 2021. In general, exports, however, faced a sharp setback. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg) was the main destination for cushion cover exports from Algeria, accounting for a 89% share of total exports. Moreover, cushion cover exports to Niger exceeded the volume sent to the second major destination, Egypt (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-9.3% per year) and France (-40.6% per year).

In value terms, Niger ($X) remains the key foreign market for furnishing articles for car seats exports from Algeria, comprising 57% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Niger totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-34.6% per year) and Egypt (+13.0% per year).

Export Prices by Country

In 2021, the average cushion cover export price amounted to $X per ton, dropping by -22% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Niger ($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 Egypt (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cushion Cover Imports

Imports into Algeria

In 2021, imports of furnishing articles for car seats into Algeria rose markedly to X tons, picking up by 15% on the previous year's figure. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, cushion cover imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 76% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest cushion cover supplier to Algeria, with a 48% share of total imports. Moreover, cushion cover imports from Turkey exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (+0.3% per year) and China (-11.3% per year).

In value terms, Turkey ($X), China ($X) and India ($X) were the largest cushion cover suppliers to Algeria, with a combined 62% share of total imports.

India, with a CAGR of +56.3%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average cushion cover import price amounted to $X per ton, rising by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.0%. The growth pace was the most rapid in 2014 an increase of 34% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform