Algeria: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Algeria

In 2021, the Algerian commercial refrigeration equipment market increased by 50% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Commercial refrigeration equipment consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Commercial Refrigeration Equipment Exports

Exports from Algeria

In 2021, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported from Algeria dropped remarkably to X units, with a decrease of -23.1% against the previous year's figure. Over the period under review, exports, however, saw a notable increase. The pace of growth appeared the most rapid in 2013 with an increase of 650%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, commercial refrigeration equipment exports dropped notably to $X in 2021. Overall, exports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2017 with an increase of 263% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for commercial refrigeration equipment exports from Algeria, accounting for a 23% share of total exports. Moreover, commercial refrigeration equipment exports to Angola exceeded the volume sent to the second major destination, Niger (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-15.0% per year) and France (0.0% per year).

In value terms, Niger ($X) remains the key foreign market for refrigerating and freezing equipment and heat pumps (except household type equipment) exports from Algeria, comprising 12% of total exports. The second position in the ranking was held by France ($X), with a 3.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-8.5% per year) and Angola (0.0% per year).

Export Prices by Country

In 2021, the average commercial refrigeration equipment export price amounted to $X per unit, with a decrease of -27.8% against the previous year. In general, the export price recorded a mild contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 153% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per unit), while the average price for exports to Angola ($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 Niger (+24.6%), while the prices for the other major destinations experienced a decline.

Commercial Refrigeration Equipment Imports

Imports into Algeria

In 2021, overseas purchases of refrigerating and freezing equipment and heat pumps (except household type equipment) were finally on the rise to reach X units after two years of decline. Overall, imports, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2013 with an increase of 39% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, commercial refrigeration equipment imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest commercial refrigeration equipment supplier to Algeria, accounting for a 42% share of total imports. Moreover, commercial refrigeration equipment imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Italy (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.7% per year) and Italy (-8.9% per year).

In value terms, the largest commercial refrigeration equipment suppliers to Algeria were China ($X), Italy ($X) and Turkey ($X), together accounting for 42% of total imports. These countries were followed by France, Hong Kong SAR, Thailand, Lebanon, Singapore and the United Arab Emirates, which together accounted for a further 18%.

Thailand, with a CAGR of +52.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average commercial refrigeration equipment import price amounted to $X per unit, picking up by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 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 the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+47.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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