Algeria: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Algeria

In 2021, the Algerian market for iron or steel flat spiral or discs springs increased by 2.9% to $X, rising for the third year in a row after two years of decline. In general, consumption saw a deep reduction. Metal spiral or discs spring consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Algeria

In 2021, approx. X kg of iron or steel flat spiral or discs springs were exported from Algeria; jumping by 31,733% against the previous year. Overall, exports saw significant growth. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports surged to $X in 2021. Over the period under review, exports saw a prominent expansion. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for metal spiral or discs spring exports from Algeria, accounting for a 85% share of total exports. Moreover, metal spiral or discs spring exports to the Czech Republic exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. India (X kg) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.0% per year) and India (+1.3% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for iron or steel flat spiral or discs springs exports from Algeria, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by India, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.5% per year) and India (+3.2% per year).

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, shrinking by -53.8% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 281% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 France (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Algeria

In 2021, after two years of growth, there was significant decline in supplies from abroad of iron or steel flat spiral or discs springs, when their volume decreased by -15.4% to X tons. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 982%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring imports surged to $X in 2021. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 805%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and India (X tons) were the main suppliers of metal spiral or discs spring imports to Algeria, with a combined 49% share of total imports. These countries were followed by Portugal, Russia, Italy, Slovakia, France, Germany and South Korea, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +115.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Germany ($X) appeared to be the largest metal spiral or discs spring suppliers to Algeria, together comprising 33% of total imports. These countries were followed by France, Italy, India, Russia, Slovakia, Portugal and South Korea, which together accounted for a further 17%.

In terms of the main suppliers, Slovakia, with a CAGR of +72.6%, 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

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, surging by 45% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Portugal ($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 Korea (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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