Algeria: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Algeria

In 2021, the Algerian mechanical shovel and excavator market decreased by -60.3% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption continues to indicate a precipitous shrinkage. Mechanical shovel and excavator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Algeria

After three years of decline, shipments abroad of mechanical shovels, excavators and shovel loaders increased by 57% to X units in 2021. In general, exports, however, showed a sharp reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 107%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Overall, exports, however, continue to indicate a dramatic decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Nigeria (X units) and Romania (X units) were the main destinations of mechanical shovel and excavator exports from Algeria, together accounting for 64% of total exports. Moreover, mechanical shovel and excavator exports in Italy exceeded the figures recorded by the second-largest exporter, Nigeria, twofold.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Italy ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Algeria, comprising 51% of total exports. The second position in the ranking was held by Nigeria ($X), with a 1.7% share of total exports. It was followed by Niger, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at -19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-44.0% per year) and Niger (-27.8% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, with an increase of 294% against the previous year. Overall, the export price showed a prominent expansion. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+15.6%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Algeria

In 2021, purchases abroad of mechanical shovels, excavators and shovel loaders decreased by -57.9% to X units, falling for the fourth consecutive year after two years of growth. In general, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2016 when imports increased by 51% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports fell rapidly to $X in 2021. Overall, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 52%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X units), China (X units) and France (X units) were the main suppliers of mechanical shovel and excavator imports to Algeria, with a combined 54% share of total imports. The UK, Sweden, Japan, South Korea, Turkey, Italy and Austria lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +28.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), France ($X) and India ($X) were the largest mechanical shovel and excavator suppliers to Algeria, together comprising 46% of total imports.

Among the main suppliers, India, with a CAGR of +2.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, dropping by -7% against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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