Algeria: Stranded Wire Market 2025

Stranded Wire Market Size in Algeria

The Algerian stranded wire market surged to $X in 2021, with an increase of 68% 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, however, saw a noticeable decline. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Algeria

In 2021, stranded wire exports from Algeria skyrocketed to X tons, jumping by 39% on 2020. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 841%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, stranded wire exports expanded modestly to $X in 2021. Overall, exports showed a measured expansion. The pace of growth appeared the most rapid in 2015 with an increase of 596% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Togo (X tons) was the main destination for stranded wire exports from Algeria, with a 69% share of total exports. Moreover, stranded wire exports to Togo exceeded the volume sent to the second major destination, Italy (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+86.2% per year) and the United States (+38.7% per year).

In value terms, Togo ($X) emerged as the key foreign market for stranded wire, ropes and cables exports from Algeria, comprising 64% of total exports. The second position in the ranking was held by Italy ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+100.4% per year) and the United States (+47.9% per year).

Export Prices by Country

In 2021, the average stranded wire export price amounted to $X per ton, which is down by -26.6% against the previous year. Overall, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 44%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+91.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Algeria

In 2021, purchases abroad of stranded wire, ropes and cables increased by 48% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 50% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, stranded wire imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a perceptible decline. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), China (X tons) and Turkey (X tons) were the main suppliers of stranded wire imports to Algeria, together accounting for 48% of total imports. Italy, the United Arab Emirates, Thailand, France, Bahrain and Morocco lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +35.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Turkey ($X) appeared to be the largest stranded wire suppliers to Algeria, with a combined 42% share of total imports. Italy, the United Arab Emirates, France, Bahrain, Morocco and Thailand lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +23.3%, 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

In 2021, the average stranded wire import price amounted to $X per ton, increasing by 16% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton 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 France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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