Algeria: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Algeria

In 2021, after seven years of growth, there was significant decline in the Algerian iron oxide pigment market, when its value decreased by -12.5% to $X. Overall, consumption, however, continues to indicate a prominent increase. Iron oxide pigment consumption peaked at $X in 2020, and then fell in the following year.

Iron Oxide Pigment Production in Algeria

In value terms, iron oxide pigment production reduced to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 68% against the previous year. Iron oxide pigment production peaked at $X in 2020, and then declined in the following year.

Iron Oxide Pigment Exports

Exports from Algeria

In 2015, iron oxide pigment exports from Algeria totaled X tons, remaining constant against 2014 figures. Over the period under review, exports showed a dramatic shrinkage. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

In value terms, iron oxide pigment exports totaled $X in 2015. In general, exports recorded a precipitous shrinkage. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for iron oxide pigment exports from Algeria, accounting for a 98% share of total exports. It was followed by Tunisia (X kg), with a 2% share of total exports.

From 2013 to 2015, the average annual rate of growth in terms of volume to the UK was relatively modest.

From 2013 to 2015, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

In 2015, the average iron oxide pigment export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2014 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure in 2015 and is likely to see gradual growth in years to come.

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

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigment Imports

Imports into Algeria

In 2021, supplies from abroad of iron oxide pigments decreased by -21.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 44% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, iron oxide pigment imports dropped markedly to $X in 2021. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and Canada (X tons) were the main suppliers of iron oxide pigment imports to Algeria, together comprising 79% of total imports. These countries were followed by Switzerland, France, Tunisia, Italy, India and Spain, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Canada ($X) were the largest iron oxide pigment suppliers to Algeria, with a combined 83% share of total imports. These countries were followed by Switzerland, France, Italy, Tunisia, Spain and India, which together accounted for a further 9.4%.

Switzerland, with a CAGR of +44.2%, saw the highest growth rate of 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 2021, the average iron oxide pigment import price amounted to $X per ton, shrinking by -3.5% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron oxide pigment import price decreased by -4.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood 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 China ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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