Report Update Nov 1, 2024

Algeria - Jacks and Hoists for Raising Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Algeria: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Algeria

In 2022, the Algerian jacks and hoists market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Jacks And Hoists Exports

Exports from Algeria

In 2022, after five years of growth, there was significant decline in overseas shipments of jacks and hoists for raising vehicles, when their volume decreased by -33.5% to X units. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 600%. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, jacks and hoists exports soared to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 646% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units) and France (X units) were the main destinations of jacks and hoists exports from Algeria.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +61.3%).

In value terms, France ($X) emerged as the key foreign market for jacks and hoists for raising vehicles exports from Algeria, comprising 83% of total exports. The second position in the ranking was held by Italy ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France totaled +59.3%.

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, jumping by 94% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Italy stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.2%).

Jacks And Hoists Imports

Imports into Algeria

In 2022, purchases abroad of jacks and hoists for raising vehicles was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a slight reduction. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 when imports increased by 226% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of jacks and hoists to Algeria, with a 50% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. Russia (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.6% per year) and Russia (-1.1% per year).

In value terms, Russia ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Algeria, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and France (-12.1% per year).

Import Prices by Country

The average jacks and hoists import price stood at $X per unit in 2022, falling by -34.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 103% against the previous year. The import price peaked at $X per unit in 2021, and then shrank significantly in the following year.

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 ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jacks and hoists for raising vehicles in the world?

The United States constituted the country with the largest volume of jacks and hoists consumption, accounting for 26% of total volume. Moreover, jacks and hoists consumption in the United States exceeded the figures recorded by the second-largest consumer, India, threefold. Canada ranked third in terms of total consumption with an 8% share.

What are the largest producers of jacks and hoists for raising vehicles in the world?

China constituted the country with the largest volume of jacks and hoists production, comprising approx. 56% of total volume. Moreover, jacks and hoists production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Canada ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of jacks and hoists for raising vehicles to Algeria?

In value terms, France, China and Russia appeared to be the largest jacks and hoists suppliers to Algeria, together comprising 74% of total imports.

What are the leading importers of jacks and hoists for raising vehicles from Algeria?

In value terms, France remains the key foreign market for jacks and hoists exports from Algeria, comprising 67% of total exports. The second position in the ranking was occupied by Romania, with a 20% share of total exports.

What is the average export price for jacks and hoists for raising vehicles in Algeria?

In 2021, the average jacks and hoists export price amounted to $12 per unit, reducing by -43.1% against the previous year.

What is the average import price for jacks and hoists for raising vehicles in Algeria?

In 2021, the average jacks and hoists import price amounted to $73 per unit, jumping by 55% against the previous year.

This report provides an in-depth analysis of the jacks and hoists market in Algeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221370 - Jacks and hoists of a kind used for raising vehicles (excluding built-in jacking systems of a kind used in garages, hydraulic jacks and hoists)

Country coverage:

Algeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Algeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023