Algeria: Tap And Valve Market 2024

Tap And Valve Market Size in Algeria

After two years of growth, the Algerian tap and valve market decreased by -11.4% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Tap And Valve Production in Algeria

In value terms, tap and valve production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 67% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Tap And Valve Exports

Exports from Algeria

In 2022, approx. X tons of taps, cocks, valves and similar appliances were exported from Algeria; declining by -41.5% against 2021 figures. In general, exports, however, posted perceptible growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,231% against the previous year. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, tap and valve exports reduced notably to $X in 2022. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 655% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for tap and valve exports from Algeria, with a 43% share of total exports. Moreover, tap and valve exports to Italy exceeded the volume sent to the second major destination, Australia (X tons), eightfold. The third position in this ranking was taken by China (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and China (+113.9% per year).

In value terms, Italy ($X) remains the key foreign market for taps, cocks, valves and similar appliances exports from Algeria, comprising 27% of total exports. The second position in the ranking was held by Australia ($X), with a 13% share of total exports. It was followed by South Africa, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and South Africa (+27.9% per year).

Export Prices by Country

In 2022, the average tap and valve export price amounted to $X per ton, which is down by -3.2% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of 105%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Italy ($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 South Africa (+5.8%), while the prices for the other major destinations experienced a decline.

Tap And Valve Imports

Imports into Algeria

In 2022, imports of taps, cocks, valves and similar appliances into Algeria fell to X tons, which is down by -8.5% on the previous year. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tap and valve imports shrank to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 39%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of tap and valve to Algeria, with a 42% share of total imports. Moreover, tap and valve imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by France (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.1% per year) and France (+0.8% per year).

In value terms, China ($X), Italy ($X) and France ($X) were the largest tap and valve suppliers to Algeria, together comprising 50% of total imports.

Among the main suppliers, China, with a CAGR of +4.6%, 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 tap and valve import price amounted to $X per ton, declining by -4.8% against the previous year. Overall, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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