Algeria: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Algeria

In 2022, the Algerian non-electric motor handtools market increased by 43% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a mild curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Non-Electric Motor Handtools Exports

Exports from Algeria

After two years of growth, shipments abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -37.5% to X units in 2022. Overall, exports showed a slight slump. The pace of growth was the most pronounced in 2021 when exports increased by 60% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric motor handtools exports fell rapidly to $X in 2022. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,270%. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Russia (X units), Portugal (X units) and the United Arab Emirates (X units) were the main destinations of non-electric motor handtools exports from Algeria, with a combined 60% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Algeria, comprising 69% of total exports. The second position in the ranking was held by Italy ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +84.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.7% per year) and the United Arab Emirates (+36.7% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, growing by 8.9% against the previous year. Overall, the export price showed a significant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 756% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 France ($X per unit), while the average price for exports to Portugal ($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 France (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Algeria

After two years of decline, supplies from abroad of handtools, hydraulic or with a self-contained non-electric motor increased by 27% to X units in 2022. Overall, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2013 when imports increased by 498%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric motor handtools imports soared to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 384% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric motor handtools to Algeria, accounting for a 71% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), eightfold. Russia (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+25.2% per year) and Russia (+32.4% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Algeria, comprising 27% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by Germany, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.1% per year) and Germany (+6.1% per year).

Import Prices by Country

In 2022, the average non-electric motor handtools import price amounted to $X per unit, surging by 21% against the previous year. In general, the import price posted perceptible growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 46%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :