Algeria: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Algeria

In 2022, after four years of growth, there was decline in the Algerian interchangeable spanner socket market, when its value decreased by -2.4% to $X. Over the period under review, consumption, however, continues to indicate buoyant growth. Interchangeable spanner socket consumption peaked at $X in 2021, and then fell in the following year.

Interchangeable Spanner Socket Exports

Exports from Algeria

In 2022, shipments abroad of interchangeable spanner sockets was finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2018 with an increase of 596% against the previous year. The exports peaked at X kg in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, interchangeable spanner socket exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 246%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for interchangeable spanner socket exports from Algeria, with a 81% share of total exports. Moreover, interchangeable spanner socket exports to Russia exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. France (X kg) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-37.6% per year) and France (-6.7% per year).

In value terms, Russia ($X) remains the key foreign market for interchangeable spanner sockets exports from Algeria, comprising 91% of total exports. The second position in the ranking was held by the United States ($X), with a 7.9% share of total exports. It was followed by France, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-33.4% per year) and France (-19.3% per year).

Export Prices by Country

The average interchangeable spanner socket export price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 83%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($X per ton) 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 (+120.4%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Algeria

In 2022, after two years of growth, there was decline in overseas purchases of interchangeable spanner sockets, when their volume decreased by -2.8% to X tons. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 44% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, interchangeable spanner socket imports contracted modestly to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 78% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and France (X tons) were the main suppliers of interchangeable spanner socket imports to Algeria, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable spanner socket suppliers to Algeria were China ($X), France ($X) and Taiwan (Chinese) ($X), with a combined 69% share of total imports.

China, with a CAGR of +29.9%, recorded the highest rates of growth with regard to 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

In 2022, the average interchangeable spanner socket import price amounted to $X per ton, approximately reflecting the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, interchangeable spanner socket import price decreased by -0.1% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 53%. Over the period under review, average import prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :