Algeria: Pump For Liquid Market 2024

Pump For Liquid Market Size in Algeria

In 2021, the Algerian pump for liquid market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pump For Liquid Production in Algeria

In value terms, pump for liquid production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 215%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Pump For Liquid Exports

Exports from Algeria

In 2021, overseas shipments of pumps for liquids and liquid elevators decreased by -20.9% to X units, falling for the fourth consecutive year after six years of growth. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of 975%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pump for liquid exports surged to $X in 2021. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 318%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X units) was the main destination for pump for liquid exports from Algeria, with a 81% share of total exports. Moreover, pump for liquid exports to Egypt exceeded the volume sent to the second major destination, Austria (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Egypt totaled +105.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+38.7% per year) and Spain (-2.0% per year).

In value terms, Egypt ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from Algeria, comprising 14% of total exports. The second position in the ranking was held by Spain ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Egypt totaled +84.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+8.8% per year) and Austria (+11.9% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, jumping by 146% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the 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 Spain ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.1%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Algeria

In 2021, purchases abroad of pumps for liquids and liquid elevators increased by 45% to X units, rising for the third consecutive year after two years of decline. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 47%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, pump for liquid imports surged to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest pump for liquid supplier to Algeria, with a 43% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.1% per year) and Turkey (+1.9% per year).

In value terms, the largest pump for liquid suppliers to Algeria were China ($X), Italy ($X) and France ($X), with a combined 41% share of total imports. These countries were followed by Germany, Turkey, Spain, the United Arab Emirates, South Korea and Taiwan (Chinese), which together accounted for a further 14%.

In terms of the main suppliers, South Korea, with a CAGR of +12.9%, saw 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 pump for liquid import price stood at $X per unit in 2021, rising by 26% against the previous year. Over the period under review, the import price, however, saw a deep slump. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform