Algeria: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Algeria

In 2021, the Algerian polyethylene in primary forms market increased by 24% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from Algeria

In 2021, shipments abroad of polyethylene in primary forms decreased by -16.6% to X tons, falling for the third consecutive year after four years of growth. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 5.1% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene in primary forms exports shrank to $X in 2021. Overall, exports showed a abrupt slump. The smallest decline of -1.9% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Portugal (X tons) and Tunisia (X tons) were the main destinations of polyethylene in primary forms exports from Algeria, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Spain ($X), Portugal ($X) and Tunisia ($X) were the largest markets for polyethylene in primary forms exported from Algeria worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Tunisia, with a CAGR of +4.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, growing by 6.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 Tunisia ($X per ton), while the average price for exports to Spain ($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 China (+20.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene in Primary Forms

Imports into Algeria

In 2021, the amount of polyethylene in primary forms imported into Algeria shrank modestly to X tons, which is down by -3.5% compared with 2020. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.7% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 47%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene in primary forms imports surged to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest polyethylene in primary forms supplier to Algeria, with a 59% share of total imports. Moreover, polyethylene in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Qatar (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+1.2% per year) and the United Arab Emirates (+37.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene in primary forms to Algeria, comprising 57% of total imports. The second position in the ranking was taken by Qatar ($X), with a 7.1% share of total imports. It was followed by the United Arab Emirates, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+0.3% per year) and the United Arab Emirates (+37.5% per year).

Import Prices by Country

The average polyethylene in primary forms import price stood at $X per ton in 2021, increasing by 44% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 Sweden ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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