Algeria: Machinery For Packing Market 2024

Machinery For Packing Market Size in Algeria

In 2022, the Algerian machinery for packing market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -35.8% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Machinery For Packing Exports

Exports from Algeria

In 2022, approx. X units of machinery for packing or wrapping were exported from Algeria; which is down by -44% compared with 2021. In general, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 723% against the previous year. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, machinery for packing exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 912% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

France (X units), Turkey (X units) and India (X units) were the main destinations of machinery for packing exports from Algeria, with a combined 95% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for machinery for packing or wrapping exports from Algeria, comprising 59% of total exports. The second position in the ranking was held by India ($X), with a 26% share of total exports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Turkey (+13.1% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, waning by -1.8% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machinery for packing export price increased by +58.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+21.9%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery For Packing Imports

Imports into Algeria

In 2022, purchases abroad of machinery for packing or wrapping increased by 18% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 63%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports skyrocketed to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 51%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of machinery for packing imports to Algeria, with a combined 77% share of total imports. France, Spain, South Korea, Germany and Portugal lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for packing or wrapping to Algeria, comprising 33% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by France, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.3% per year) and France (-3.8% per year).

Import Prices by Country

The average machinery for packing import price stood at $X per unit in 2022, declining by -2.2% against the previous year. Overall, the import price showed a slight decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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