Algeria: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Algeria

In 2022, after two years of decline, there was significant growth in the Algerian vulcanised rubber seal market, when its value increased by 14% to $X. Overall, consumption, however, showed a deep reduction. Vulcanised rubber seal consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Seal Exports

Exports from Algeria

In 2022, approx. X kg of seals of vulcanised rubber were exported from Algeria; shrinking by -66.7% on the previous year. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 726% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports rose slightly to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 1,959%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X kg), Australia (X kg) and Germany (X kg) were the main destinations of vulcanised rubber seal exports from Algeria, with a combined 56% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for seals of vulcanised rubber exports from Algeria, comprising 36% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+17.9% per year) and Germany (+23.8% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, surging by 208% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 Spain (+36.2%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Seal Imports

Imports into Algeria

In 2022, after two years of decline, there was significant growth in overseas purchases of seals of vulcanised rubber, when their volume increased by 30% to X tons. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 48%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber seal imports rose sharply to $X in 2022. Over the period under review, imports, however, saw a noticeable setback. The growth pace was the most rapid in 2019 with an increase of 79%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and France (X tons) were the main suppliers of vulcanised rubber seal imports to Algeria, with a combined 50% share of total imports. Belgium, the UK, Spain, India, Italy, Germany and the United States lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +14.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber seal suppliers to Algeria were France ($X), China ($X) and Turkey ($X), with a combined 36% share of total imports. Belgium, the United States, the UK, Italy, Germany, Spain and India lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, India, with a CAGR of +12.6%, recorded the highest rates of growth with regard to 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 vulcanised rubber seal import price stood at $X per ton in 2022, declining by -14.3% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vulcanised rubber seal import price increased by +52.4% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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