Algeria: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Algeria

The Algerian plaits and basketwork market reduced to $X in 2022, approximately reflecting the previous year. Overall, consumption continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 2.7% against the previous year. Plaits and basketwork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plaits And Basketwork Production in Algeria

In value terms, plaits and basketwork production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 3.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plaits And Basketwork Exports

Exports from Algeria

In 2022, approx. X kg of plaits, basketwork, wickerwork and similar products of plaiting materials were exported from Algeria; picking up by 92% on the year before. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 10,220% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, plaits and basketwork exports dropped to $X in 2022. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2018 when exports increased by 2,155% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Niger (X kg) was the main destination for plaits and basketwork exports from Algeria, with a 72% share of total exports. Moreover, plaits and basketwork exports to Niger exceeded the volume sent to the second major destination, France (X kg), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger stood at -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.8% per year) and Canada (-61.0% per year).

In value terms, the largest markets for plaits and basketwork exported from Algeria were Niger ($X), Canada ($X) and France ($X), together accounting for 85% of total exports.

Among the main countries of destination, France, with a CAGR of +3.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, which is down by -54.9% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 564%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+2.9%), while the prices for the other major destinations experienced a decline.

Plaits And Basketwork Imports

Imports into Algeria

In 2022, imports of plaits, basketwork, wickerwork and similar products of plaiting materials into Algeria declined dramatically to X tons, reducing by -20% on the previous year's figure. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 93%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plaits and basketwork imports plummeted to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 67% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of plaits and basketwork imports to Algeria, together accounting for 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +99.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plaits and basketwork suppliers to Algeria were China ($X), Saudi Arabia ($X) and Egypt ($X), with a combined 66% share of total imports. The United Arab Emirates, Vietnam, the United States, Turkey and France lagged somewhat behind, together comprising a further 24%.

The United Arab Emirates, with a CAGR of +77.4%, saw 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

The average plaits and basketwork import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork import price increased by +77.7% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 47%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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