Algeria: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Algeria

In 2022, the Algerian glass fibre and article market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Algeria

In 2022, glass fibre and article exports from Algeria stood at X kg, approximately equating the year before. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, glass fibre and article exports stood at $X in 2022. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for glass fibre and article exports from Algeria, accounting for a X% share of total exports. Moreover, glass fibre and article exports to the United Arab Emirates exceeded the volume sent to the second major destination, France (X kg), fourfold.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2013 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2022, the average glass fibre and article export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the United Arab Emirates ($X per ton), while the average price for exports to France totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%).

Imports of Glass Fibres and Glass Fibre Articles

Imports into Algeria

In 2022, supplies from abroad of glass fibres and glass fibre articles increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibre and article imports fell slightly to $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Bahrain (X tons) and Germany (X tons) were the main suppliers of glass fibre and article imports to Algeria, with a combined X% share of total imports. Belgium, Turkey, the Czech Republic, Tunisia, France, Poland, Spain, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest glass fibre and article suppliers to Algeria were China ($X), Germany ($X) and Bahrain ($X), together accounting for X% of total imports. France, the Czech Republic, Spain, Poland, Turkey, Tunisia, Belgium, the United Arab Emirates and the Netherlands lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw 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

The average glass fibre and article import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a slight slump. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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