Algeria: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Algeria

The Algerian market for machines for preparing, weaving and knitting textiles contracted slightly to $X in 2021, dropping by -2.6% 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). Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -37.5% against 2016 indices. Textile weaving and knitting machinery consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Algeria

In 2021, shipments abroad of machines for preparing, weaving and knitting textiles increased by 46% to X units, rising for the fourth consecutive year after five years of decline. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 450% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports expanded markedly to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 489% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for textile weaving and knitting machinery exports from Algeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to -7.0%.

In value terms, Turkey ($X) also remains the key foreign market for machines for preparing, weaving and knitting textiles exports from Algeria.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled -12.7%.

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, with a decrease of -23.8% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -6.2% per year.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Algeria

In 2021, the amount of machines for preparing, weaving and knitting textiles imported into Algeria totaled X units, with an increase of 2.4% against 2020 figures. The total import volume increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 47%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports shrank markedly to $X in 2021. In general, imports, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 85%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Algeria, with a 89% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Belgium (X units), with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+47.3% per year) and Belgium (-22.0% per year).

In value terms, China ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Algeria, comprising 61% of total imports. The second position in the ranking was held by Belgium ($X), with a 4.2% share of total imports. It was followed by Taiwan (Chinese), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-20.8% per year) and Taiwan (Chinese) (+18.5% per year).

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, which is down by -23.1% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 51%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a 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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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