Algeria: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Algeria

In 2021, the Algerian market for polyethylene with a specific gravity of less than X, in primary forms increased by 43% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.1% against 2019 indices. Consumption of peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Algeria

For the third year in a row, Algeria recorded growth in overseas shipments of polyethylene with a specific gravity of less than X, in primary forms, which increased by 20% to X tons in 2021. In general, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 263%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms shrank modestly to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The smallest decline of -1.3% was in 2019. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Algeria, with a 100% share of total exports. It was followed by Turkey (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-83.0% per year) and France (-38.6% per year).

In value terms, Portugal ($X) emerged as the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Algeria, comprising 98% of total exports. The second position in the ranking was taken by Turkey ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-77.0% per year) and France (-32.7% per year).

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, waning by -18.9% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 199%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Portugal ($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 Turkey (+35.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Algeria

In 2021, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms increased by 7.8% to X tons, rising for the second consecutive year after three years of decline. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 80%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 76%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Algeria, accounting for a 53% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Qatar (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+2.0% per year) and Spain (-5.1% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Algeria, comprising 53% of total imports. The second position in the ranking was held by Qatar ($X), with a 15% share of total imports. It was followed by Spain, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+0.6% per year) and Spain (-4.5% per year).

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, increasing by 58% against the previous year. Overall, the import price, however, saw a slight downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 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 (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :