Algeria: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Algeria

In 2022, the Algerian hydraulic cylinder and system market increased by 11% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption posted a significant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports from Algeria

Hydraulic cylinder and system exports from Algeria fell dramatically to X units in 2022, which is down by -47.5% against 2021. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 9,301%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic cylinder and system exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 18,838%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X units), France (X units) and Spain (X units) were the main destinations of hydraulic cylinder and system exports from Algeria, with a combined 83% share of total exports. Russia, the Czech Republic, Sweden, the Netherlands and the UK lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +83.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for hydraulic cylinders and systems exports from Algeria, comprising 57% of total exports. The second position in the ranking was held by Spain ($X), with a 20% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+33.8% per year) and France (+57.7% per year).

Export Prices by Country

The average hydraulic cylinder and system export price stood at $X per unit in 2022, with an increase of 78% against the previous year. Overall, the export price posted significant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 106%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($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 UK (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Algeria

In 2022, supplies from abroad of hydraulic cylinders and systems was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 224%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic cylinder and system imports expanded modestly to $X in 2022. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 228%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of hydraulic cylinder and system imports to Algeria, with a combined 65% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +61.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic cylinder and system suppliers to Algeria were Germany ($X), France ($X) and Italy ($X), with a combined 35% share of total imports. Turkey, China, the United Arab Emirates, the United States, Canada, Tunisia, Singapore and Brazil lagged somewhat behind, together accounting for a further 31%.

Turkey, with a CAGR of +54.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 hydraulic cylinder and system import price stood at $X per unit in 2022, dropping by -13.7% against the previous year. In general, the import price saw a deep contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 8%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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