Algeria: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Algeria

The Algerian AC/DC motor market was estimated at $X in 2022, surging by X% 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). In general, consumption enjoyed a significant increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ac/Dc Motor Exports

Exports from Algeria

In 2022, overseas shipments of AC/DC motors increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, AC/DC motor exports reduced dramatically to $X in 2022. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for AC/DC motor exports from Algeria, with a X% share of total exports. Moreover, AC/DC motor exports to Nigeria exceeded the volume sent to the second major destination, Morocco (X units), eightfold. The third position in this ranking was held by Italy (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Italy (X% per year).

In value terms, the largest markets for AC/DC motor exported from Algeria were Italy ($X), Nigeria ($X) and the United States ($X), together comprising X% of total exports. These countries were followed by Morocco, which accounted for a further X%.

In terms of the main countries of destination, Morocco, with a CAGR of X.2%, recorded the highest growth rate of 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 2022, the average AC/DC motor export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

Ac/Dc Motor Imports

Imports into Algeria

AC/DC motor imports into Algeria rose sharply to X units in 2022, with an increase of X% on 2021 figures. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, AC/DC motor imports dropped slightly to $X in 2022. Over the period under review, imports showed notable growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of AC/DC motor to Algeria, with a X% share of total imports. Moreover, AC/DC motor imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), tenfold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of AC/DC motors to Algeria, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Greece (X% per year).

Import Prices by Country

In 2022, the average AC/DC motor import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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