Algeria: Winding Wire Market 2024

Winding Wire Market Size in Algeria

The Algerian winding wire market soared to $X in 2022, surging by 73% 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). Overall, consumption continues to indicate a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Winding Wire Exports

Exports from Algeria

In 2022, winding wire exports from Algeria amounted to X tons, picking up by 1.7% on 2021 figures. Over the period under review, exports saw a slight increase. The pace of growth was the most pronounced in 2017 when exports increased by 772% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports rose slightly to $X in 2022. In general, exports recorded notable growth. The most prominent rate of growth was recorded in 2017 when exports increased by 2,631%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X tons) was the main destination for winding wire exports from Algeria, accounting for a 87% share of total exports. Moreover, winding wire exports to Niger exceeded the volume sent to the second major destination, Finland (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to +103.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+318.0% per year) and France (+17.0% per year).

In value terms, the largest markets for winding wire exported from Algeria were Finland ($X), Niger ($X) and France ($X), together accounting for 93% of total exports.

In terms of the main countries of destination, Finland, with a CAGR of +144.2%, saw 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

The average winding wire export price stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 213% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.7%), while the prices for the other major destinations experienced a decline.

Winding Wire Imports

Imports into Algeria

In 2022, supplies from abroad of winding wire for electrical purposes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 99%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, winding wire imports soared to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 109%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Egypt (X tons), China (X tons) and Italy (X tons) were the main suppliers of winding wire imports to Algeria, together accounting for 32% of total imports. Germany, Turkey, Slovakia, Spain, Belgium, France, India and Malaysia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +75.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest winding wire suppliers to Algeria were Egypt ($X), Italy ($X) and China ($X), with a combined 31% share of total imports. Slovakia, Spain, Germany, Turkey, France, Belgium, India and Malaysia lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Slovakia, with a CAGR of +42.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average winding wire import price amounted to $X per ton, surging by 29% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire import price increased by +67.0% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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