Algeria: Measuring Instrument Market 2022

Measuring Instrument Market Size in Algeria

After two years of growth, the Algerian measuring instrument market decreased by -18.1% to $X in 2021. Overall, consumption, however, recorded a buoyant expansion. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Measuring Instrument Exports

Exports from Algeria

In 2021, measuring instrument exports from Algeria reduced to X units, declining by -7% compared with the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 1,063% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, measuring instrument exports contracted sharply to $X in 2021. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,148%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for measuring instrument exports from Algeria, with a 71% share of total exports. Moreover, measuring instrument exports to Germany exceeded the volume sent to the second major destination, Singapore (X units), fourfold. South Africa (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and South Africa (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for measuring instrument exports from Algeria, comprising 82% of total exports. The second position in the ranking was held by France ($X), with a 7.3% share of total exports. It was followed by the Czech Republic, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +98.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+21.5% per year) and the Czech Republic (+29.2% per year).

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2021, which is down by -36.6% against the previous year. In general, the export price, however, recorded strong growth. The growth pace was the most rapid in 2014 when the average export price increased by 414%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+43.7%), while the prices for the other major destinations experienced mixed trend patterns.

Measuring Instrument Imports

Imports into Algeria

In 2021, after two years of growth, there was significant decline in overseas purchases of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume decreased by -22.6% to X units. Overall, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 170% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, measuring instrument imports rose notably to $X in 2021. In general, imports recorded a slight slump. The pace of growth was the most pronounced in 2015 with an increase of 20% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of measuring instrument to Algeria, accounting for a 53% share of total imports. Moreover, measuring instrument imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was taken by Italy (X units), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.6% per year) and Italy (-1.3% per year).

In value terms, the largest measuring instrument suppliers to Algeria were the United Arab Emirates ($X), France ($X) and Tunisia ($X), with a combined 57% share of total imports.

Tunisia, with a CAGR of +132.7%, saw the highest growth rate of 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 measuring instrument import price stood at $X per unit in 2021, jumping by 45% against the previous year. In general, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Tunisia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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