Algeria: Plastic Closure Market 2024

Plastic Closure Market Size in Algeria

The Algerian plastic closure market contracted to $X in 2022, with a decrease of -3.1% 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). In general, consumption saw resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Plastic Closure Exports

Exports from Algeria

In 2022, the amount of plastic stoppers, caps and closures exported from Algeria reduced dramatically to X tons, with a decrease of -34.7% on 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 320%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plastic closure exports dropped notably to $X in 2022. Overall, exports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2017 when exports increased by 239%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X tons) was the main destination for plastic closure exports from Algeria, with a 54% share of total exports. Moreover, plastic closure exports to Tunisia exceeded the volume sent to the second major destination, Mauritania (X tons), twofold. The third position in this ranking was taken by Benin (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tunisia totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+13.8% per year) and Benin (+12.6% per year).

In value terms, Tunisia ($X) remains the key foreign market for plastic stoppers, caps and closures exports from Algeria, comprising 55% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 19% share of total exports. It was followed by Benin, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Tunisia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+9.0% per year) and Benin (+11.6% per year).

Export Prices by Country

The average plastic closure export price stood at $X per ton in 2022, with an increase of 4.4% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic closure export price decreased by -31.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 65% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Libya ($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 Senegal (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Algeria

In 2022, supplies from abroad of plastic stoppers, caps and closures was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 43%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic closure imports fell to $X in 2022. Over the period under review, imports posted a resilient increase. The growth pace was the most rapid in 2019 with an increase of 49%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and France (X tons) were the main suppliers of plastic closure imports to Algeria, with a combined 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic closure suppliers to Algeria were France ($X), Turkey ($X) and Italy ($X), with a combined 46% share of total imports. China, Saudi Arabia, Germany, Spain, Egypt and Hungary lagged somewhat behind, together comprising a further 43%.

In terms of the main suppliers, China, with a CAGR of +17.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, with a decrease of -4.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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