Algeria: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Algeria

The Algerian rubber-to-metal and moulded article market soared to $X in 2021, picking up by 59% 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, consumption continues to indicate resilient growth. Rubber-to-metal and moulded article consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Algeria

In 2021, approx. X tons of rubber-to-metal and moulded articles were exported from Algeria; growing by 36% compared with the previous year. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 3,391%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, rubber-to-metal and moulded article exports skyrocketed to $X in 2021. Overall, exports posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 545% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons) was the main destination for rubber-to-metal and moulded article exports from Algeria, with a 42% share of total exports. Moreover, rubber-to-metal and moulded article exports to Italy exceeded the volume sent to the second major destination, Romania (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +243.7%.

In value terms, Italy ($X) and Romania ($X) were the largest markets for rubber-to-metal and moulded article exported from Algeria worldwide.

Among the main countries of destination, Romania, with a CAGR of +433.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the export price, however, showed a significant decrease. The pace of growth was the most pronounced in 2015 an increase of 386%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+94.5%), while the prices for the other major destinations experienced a decline.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Algeria

In 2021, imports of rubber-to-metal and moulded articles into Algeria surged to X tons, picking up by 43% compared with the previous year's figure. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by 71% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of rubber-to-metal and moulded article to Algeria, with a 17% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.4% per year) and Thailand (+7.4% per year).

In value terms, the largest rubber-to-metal and moulded article suppliers to Algeria were China ($X), Italy ($X) and Turkey ($X), with a combined 26% share of total imports. Slovakia, France, Germany, Spain, Thailand, India and Belgium lagged somewhat behind, together accounting for a further 27%.

Slovakia, with a CAGR of +176.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, growing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 41% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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