Algeria: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Algeria

In 2021, the Algerian pliers and pincers market decreased by -26.2% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a slight shrinkage. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Pliers And Pincers Exports

Exports from Algeria

For the third consecutive year, Algeria recorded decline in overseas shipments of pliers, pincers and tweezers for nonmedical use, which decreased by 0% to X kg in 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 669%. As a result, the exports reached the peak of X kg. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, pliers and pincers exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 339%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X kg), Austria (X kg) and France (X kg) were the main destinations of pliers and pincers exports from Algeria, with a combined 67% share of total exports. Moreover, pliers and pincers exports in Russia exceeded the figures recorded by the second-largest exporter, Austria, twofold.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +12.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Algeria, comprising 68% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports. It was followed by Austria, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+4.9% per year) and Austria (-4.4% per year).

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 201%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+36.7%), while the prices for the other major destinations experienced a decline.

Pliers And Pincers Imports

Imports into Algeria

In 2021, after four years of growth, there was significant decline in supplies from abroad of pliers, pincers and tweezers for nonmedical use, when their volume decreased by -32.4% to X tons. Overall, imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of 28%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, pliers and pincers imports plummeted to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 41%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main pliers and pincers supplier to Algeria, with a 96% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 0.7% share of total imports. India (X tons) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-18.7% per year) and India (-28.4% per year).

In value terms, China ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Algeria, comprising 80% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.3% share of total imports. It was followed by France, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-15.6% per year) and France (-21.1% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, rising by 13% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pliers and pincers import price decreased by -12.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average 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 France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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