Algeria: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Algeria

In 2021, the Algerian market for pneumatic or hydraulic hand tools decreased by -3.9% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.5% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Production of Pneumatic Or Hydraulic Hand Tools in Algeria

In value terms, pneumatic or hydraulic hand tool production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +89.4% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 70%. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Algeria

In 2021, the amount of pneumatic or hydraulic hand tools exported from Algeria skyrocketed to X kg, growing by 222% compared with the previous year's figure. In general, exports posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 380%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 394%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for pneumatic or hydraulic hand tool exports from Algeria, accounting for a 54% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Russia exceeded the volume sent to the second major destination, Italy (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +60.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.2% per year) and the United Arab Emirates (+59.8% per year).

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Algeria were Russia ($X), the United States ($X) and France ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +115.2%, saw the highest rates of growth with regard to the value of exports, 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 export price for pneumatic or hydraulic hand tools amounted to $X per ton, dropping by -12.9% against the previous year. Over the period under review, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 112%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($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 Niger (+1,159.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Algeria

Pneumatic or hydraulic hand tool imports into Algeria skyrocketed to X tons in 2021, picking up by 19% on the previous year's figure. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 135%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 97% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Algeria, with a 72% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.3% per year) and Italy (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Algeria, comprising 39% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Italy, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.7% per year) and Italy (-2.4% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, growing by 8.7% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The growth pace was the most rapid in 2018 when the average import price increased by 47%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) 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 (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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