Algeria: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Algeria

The Algerian reaction initiators and accelerators market soared to $X in 2022, increasing by 108% 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). Over the period under review, consumption recorded a tangible increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Algeria

For the fourth year in a row, Algeria recorded growth in shipments abroad of reaction initiators, reaction accelerators and catalytic preparations, which increased by 8.6% to X tons in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2019 with an increase of 609%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, reaction initiators and accelerators exports expanded rapidly to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 1,375% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for reaction initiators and accelerators exports from Algeria, with a 82% share of total exports. Moreover, reaction initiators and accelerators exports to the Czech Republic exceeded the volume sent to the second major destination, the United States (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.3% per year) and Portugal (0.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Algeria, comprising 76% of total exports. The second position in the ranking was taken by the United States ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.5% per year) and Portugal (0.0% per year).

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, reducing by -2.2% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 108% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($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 the United States (-1.6%).

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Algeria

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were imported into Algeria; growing by 98% compared with the year before. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 223% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, reaction initiators and accelerators imports skyrocketed to $X in 2022. Overall, imports enjoyed a modest increase. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest reaction initiators and accelerators supplier to Algeria, with a 27% share of total imports. Moreover, reaction initiators and accelerators imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. The third position in this ranking was held by the UK (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+17.3% per year) and the UK (-5.5% per year).

In value terms, the largest reaction initiators and accelerators suppliers to Algeria were Switzerland ($X), the UK ($X) and Denmark ($X), together comprising 44% of total imports. The United States, France, Japan, Germany, China, Turkey, Sweden, the Netherlands, Italy and India lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, Turkey, with a CAGR of +25.7%, 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

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, picking up by 1.7% against the previous year. Overall, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2020 when the average import price increased by 55%. Over the period under review, average import prices reached the maximum 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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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