Algeria: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Algeria

The Algerian market for instruments for measuring electrical quantities skyrocketed to $X in 2021, jumping by 95% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a prominent expansion. Instruments for measuring electrical quantities consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Algeria

In 2021, the amount of instruments for measuring electrical quantities exported from Algeria soared to X units, increasing by 924% on 2020 figures. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 2,914%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports surged to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,050%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Nigeria (X units) and Slovenia (X units) were the main destinations of instruments for measuring electrical quantities exports from Algeria, together comprising 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +78.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for instruments for measuring electrical quantities exports from Algeria, comprising 42% of total exports. The second position in the ranking was taken by Russia ($X), with a 21% share of total exports. It was followed by Slovenia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+21.4% per year) and Slovenia (0.0% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, falling by -7.3% against the previous year. In general, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 168% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Nigeria ($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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Algeria

In 2021, the amount of instruments for measuring electrical quantities imported into Algeria surged to X units, jumping by 107% against the previous year's figure. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 258%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 227%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to Algeria, with a 53% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was held by Indonesia (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.4% per year) and Indonesia (+16.9% per year).

In value terms, the largest instruments for measuring electrical quantities suppliers to Algeria were China ($X), France ($X) and Hong Kong SAR ($X), together comprising 36% of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +18.5%, saw the highest growth rate of the value of imports, 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 import price for instruments for measuring electrical quantities amounted to $X per unit, waning by -30% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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