Algeria: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Algeria

The Algerian steel stranded wire market contracted to $X in 2022, falling by -9.1% 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, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.6% against 2019 indices. Steel stranded wire consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Steel Stranded Wire Exports

Exports from Algeria

In 2022, overseas shipments of iron or steel stranded wire, ropes and cables were finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 942%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steel stranded wire exports fell to $X in 2022. Over the period under review, exports, however, recorded a dramatic setback. The most prominent rate of growth was recorded in 2019 when exports increased by 1,258% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X kg) was the main destination for steel stranded wire exports from Algeria, accounting for a 95% share of total exports. It was followed by the United States (X kg), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-45.0% per year) and France (-49.7% per year).

In value terms, Italy ($X) remains the key foreign market for iron or steel stranded wire, ropes and cables exports from Algeria, comprising 93% of total exports. The second position in the ranking was taken by the United States ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-44.8% per year) and France (-52.0% per year).

Export Prices by Country

In 2022, the average steel stranded wire export price amounted to $X per ton, with a decrease of -5.2% against the previous year. In general, the export price, however, continues to indicate a notable increase. The growth pace was the most rapid in 2013 when the average export price increased by 157%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Italy ($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 Italy (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Stranded Wire Imports

Imports into Algeria

In 2022, the amount of iron or steel stranded wire, ropes and cables imported into Algeria declined slightly to X tons, waning by -3.8% compared with the previous year's figure. Over the period under review, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.9% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, steel stranded wire imports declined to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 46%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel stranded wire to Algeria, with a 50% share of total imports. Moreover, steel stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+117.9% per year) and Italy (-15.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Algeria, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.1% per year) and Spain (+7.6% per year).

Import Prices by Country

The average steel stranded wire import price stood at $X per ton in 2022, which is down by -7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 38%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Portugal ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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