Algeria: Bracelet Market 2024

Bracelet Market Size in Algeria

The Algerian bracelet market stood at $X in 2022, rising by 4% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.7% against 2020 indices. Bracelet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Bracelet Production in Algeria

In value terms, bracelet production stood at $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Bracelet Exports

Exports from Algeria

In 2022, shipments abroad of watch straps, bands and bracelets decreased by 0% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a sharp downturn. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bracelet exports dropped remarkably to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 97% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X units), Poland (X units) and Portugal (X units) were the main destinations of bracelet exports from Algeria, with a combined 89% share of total exports. Moreover, bracelet exports in Switzerland exceeded the figures recorded by the second-largest exporter, Poland, twofold.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for watch straps, bands and bracelets exports from Algeria, comprising 51% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 12% share of total exports.

From 2019 to 2022, the average annual growth rate of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-58.4% per year) and Portugal (0.0% per year).

Export Prices by Country

In 2022, the average bracelet export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price showed a prominent increase. The pace of growth was the most pronounced in 2020 a decrease of 99.9%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bracelet Imports

Imports into Algeria

In 2022, the amount of watch straps, bands and bracelets imported into Algeria contracted rapidly to X units, reducing by -33.1% against the previous year's figure. Over the period under review, imports recorded a slight contraction. The growth pace was the most rapid in 2021 with an increase of 219% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, bracelet imports fell markedly to $X in 2022. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 142% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Morocco (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of bracelet imports to Algeria, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) constituted the largest supplier of watch straps, bands and bracelets to Algeria, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Germany, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Morocco stood at +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.7% per year) and Germany (+4.3% per year).

Import Prices by Country

In 2022, the average bracelet import price amounted to $X per unit, rising by 5.7% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 24%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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