Algeria: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Algeria

The Algerian steel plaited band market contracted dramatically to $X in 2022, with a decrease of -19.7% 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). In general, consumption saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Steel Plaited Band Exports

Exports from Algeria

Steel plaited band exports from Algeria declined to X kg in 2022, reducing by -5.4% on the year before. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 602% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, steel plaited band exports declined modestly to $X in 2022. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by 152%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X kg) was the main destination for steel plaited band exports from Algeria, with a 62% share of total exports. Moreover, steel plaited band exports to Egypt exceeded the volume sent to the second major destination, the United States (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+52.0% per year) and France (+50.1% per year).

In value terms, the largest markets for steel plaited band exported from Algeria were the United States ($X), France ($X) and Egypt ($X).

In terms of the main countries of destination, France, with a CAGR of +102.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel plaited band export price amounted to $X per ton, increasing by 2.8% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 864%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 France ($X per ton), while the average price for exports to Egypt ($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 France (+35.0%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Plaited Band Imports

Imports into Algeria

In 2022, approx. X tons of iron or steel plaited bands and slings were imported into Algeria; shrinking by -11.5% against the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 166%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, steel plaited band imports fell rapidly to $X in 2022. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 123%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest steel plaited band supplier to Algeria, accounting for a 51% share of total imports. Moreover, steel plaited band imports from Indonesia exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia totaled +103.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+36.4% per year) and Italy (+3.6% per year).

In value terms, Indonesia ($X), Italy ($X) and Portugal ($X) constituted the largest steel plaited band suppliers to Algeria, together accounting for 57% of total imports. Russia, France, Romania, Austria, Egypt, China, Turkey, Spain, Belgium and South Korea lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, Russia, with a CAGR of +91.4%, saw the highest rates of growth with regard to 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 2022, the average steel plaited band import price amounted to $X per ton, waning by -14.3% against the previous year. Overall, the import price showed a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 58%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Spain (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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