Algeria: Iron And Steel Market 2024

Iron And Steel Market Size in Algeria

The Algerian iron and steel market surged to $X in 2021, picking up by 22% against the previous year. In general, consumption, however, showed a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Iron And Steel Production in Algeria

In value terms, iron and steel production soared to $X in 2021 estimated in export price. In general, production, however, showed a mild decrease. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron And Steel Exports

Exports from Algeria

Iron and steel exports from Algeria skyrocketed to X tons in 2021, surging by 44% on 2020. In general, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 120% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron and steel exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for iron and steel exports from Algeria, accounting for a 61% share of total exports. Moreover, iron and steel exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.3% per year) and Turkey (-21.1% per year).

In value terms, Italy ($X) remains the key foreign market for iron and steel exports from Algeria, comprising 58% of total exports. The second position in the ranking was taken by Turkey ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1.2% per year) and Spain (-2.8% per year).

Export Prices by Country

In 2021, the average iron and steel export price amounted to $X per ton, increasing by 32% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Iron And Steel Imports

Imports into Algeria

In 2021, after two years of growth, there was significant decline in purchases abroad of iron and steel, when their volume decreased by -45.2% to X tons. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 151%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, iron and steel imports fell markedly to $X in 2021. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 108% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of iron and steel to Algeria, with a 66% share of total imports. Moreover, iron and steel imports from South Africa exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Russia (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.7% per year) and Russia (-1.2% per year).

In value terms, South Africa ($X) constituted the largest supplier of iron and steel to Algeria, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 6.3% share of total imports. It was followed by Russia, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa totaled +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.5% per year) and Russia (-14.6% per year).

Import Prices by Country

The average iron and steel import price stood at $X per ton in 2021, falling by -20.8% against the previous year. Over the period under review, the import price showed a perceptible downturn. The growth pace was the most rapid in 2019 an increase of 35%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform