Algeria: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Algeria

In 2020, the Algerian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption saw a slight downturn. The growth pace was the most rapid in 2009 when the market value increased by X% y-o-y. Iron, steel or aluminium reservoir consumption peaked at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Algeria

After three years of growth, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. Overall, exports, however, enjoyed a moderate increase. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tons in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports expanded markedly to $X in 2020. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for iron, steel or aluminium reservoir exports from Algeria, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Italy exceeded the volume sent to the second major destination, France (X tons), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy totaled +X%.

In value terms, Italy ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Algeria, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Italy amounted to +X%.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw a measured expansion. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Algeria

In 2020, iron, steel or aluminium reservoir imports into Algeria declined significantly to X tons, which is down by -X% against the previous year. Overall, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. from 2010 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports declined significantly to $X in 2020. In general, imports continue to indicate a slight downturn. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Algeria, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Germany (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Algeria, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Vietnam (+X% per year).

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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