Algeria: Tractor Market 2024

Tractor Market Size in Algeria

In 2022, the Algerian tractor market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Tractor Production in Algeria

In value terms, tractor production rose modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2013 with an increase of 50%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Tractor Exports

Exports from Algeria

Tractor exports from Algeria dropped modestly to X units in 2022, stabilizing at the previous year. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 241% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tractor exports reduced sharply to $X in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 406% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for tractor exports from Algeria, with a 38% share of total exports. Moreover, tractor exports to Nigeria exceeded the volume sent to the second major destination, Niger (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-7.6% per year) and Italy (-15.3% per year).

In value terms, Nigeria ($X) remains the key foreign market for tractors exports from Algeria, comprising 39% of total exports. The second position in the ranking was taken by Italy ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nigeria totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-13.6% per year) and Niger (-3.7% per year).

Export Prices by Country

The average tractor export price stood at $X per unit in 2022, falling by -39.7% against the previous year. In general, the export price, however, posted a mild expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 90%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+98.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tractor Imports

Imports into Algeria

After three years of decline, purchases abroad of tractors increased by 57% to X units in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, tractor imports soared to $X in 2022. In general, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

France (X units), Brazil (X units) and Germany (X units) were the main suppliers of tractor imports to Algeria, together accounting for 38% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +22.2%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X), France ($X) and Sweden ($X) constituted the largest tractor suppliers to Algeria, together comprising 39% of total imports. Brazil, South Korea, China, Italy and India lagged somewhat behind, together accounting for a further 5.5%.

In terms of the main suppliers, Brazil, with a CAGR of +5.5%, 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 a decline.

Import Prices by Country

In 2022, the average tractor import price amounted to $X per unit, reducing by -17.6% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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