Algeria: Static Converter Market 2024

Static Converter Market Size in Algeria

The Algerian static converter market surged to $X in 2021, growing by 31% 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 continues to indicate buoyant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Static Converter Exports

Exports from Algeria

In 2021, the amount of static converters exported from Algeria shrank notably to X units, which is down by -43.8% compared with the previous year. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 2,163%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, static converter exports reduced dramatically to $X in 2021. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 2,666%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for static converter exports from Algeria, accounting for a 40% share of total exports. Moreover, static converter exports to the Netherlands exceeded the volume sent to the second major destination, Russia (X units), twofold. Nigeria (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+12.2% per year) and Nigeria (-19.6% per year).

In value terms, the Netherlands ($X), Russia ($X) and Nigeria ($X) constituted the largest markets for static converter exported from Algeria worldwide, together accounting for 67% of total exports. The United States, Poland, the Czech Republic and the UK lagged somewhat behind, together comprising a further 24%.

Poland, with a CAGR of +81.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, which is down by -35.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Nigeria ($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 Nigeria (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Static Converter Imports

Imports into Algeria

In 2021, approx. X units of static converters were imported into Algeria; growing by 32% compared with the year before. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 73%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, static converter imports soared to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest static converter supplier to Algeria, accounting for a 45% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was taken by the Netherlands (X units), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+50.4% per year) and the Netherlands (+25.9% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Algeria, comprising 30% of total imports. The second position in the ranking was taken by France ($X), with a 9.8% share of total imports. It was followed by Sweden, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.6% per year) and Sweden (+6.7% per year).

Import Prices by Country

In 2021, the average static converter import price amounted to $X per unit, reducing by -6.3% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 5.4% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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