Algeria: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Algeria

For the fourth year in a row, the Algerian market for toothed wheels, chain sprockets and other transmission elements recorded growth in sales value, which increased by 18% to $X in 2021. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +72.4% against 2017 indices. Consumption of peaked in 2021 and is likely to see steady growth in the near future.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Algeria

In 2021, approx. X kg of toothed wheels, chain sprockets and other transmission elements were exported from Algeria; picking up by 47% against the previous year. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by 365% against the previous year. Over the period under review, the exports of reached the maximum at X kg in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. Overall, exports recorded a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of 401% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Algeria, with a 60% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to the Czech Republic exceeded the volume sent to the second major destination, South Africa (X kg), fourfold. Poland (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to +322.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+28.6% per year) and Poland (0.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Algeria, comprising 69% of total exports. The second position in the ranking was taken by Poland ($X), with a 9.3% share of total exports. It was followed by South Africa, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +346.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and South Africa (-3.5% per year).

Export Prices by Country

In 2021, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 75%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the average price for exports to Belgium ($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 the Czech Republic (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Algeria

In 2021, imports of toothed wheels, chain sprockets and other transmission elements into Algeria soared to X tons, picking up by 29% on 2020. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 32% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.4% against 2014 indices. The growth pace was the most rapid in 2014 when imports increased by 49%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Algeria, with a 50% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+44.2% per year) and France (-9.5% per year).

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Algeria were France ($X), China ($X) and Germany ($X), together comprising 42% of total imports. These countries were followed by Italy, the United States, Turkey, India and Belgium, which together accounted for a further 14%.

Italy, with a CAGR of +35.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, waning by -10% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for toothed wheels, chain sprockets and other transmission elements increased by +27.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 29%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then contracted in the following year.

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 2021, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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