Algeria: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Algeria

The Algerian iron and steel wire market shrank notably to $X in 2020, which is down 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 saw a noticeable descent. The pace of growth was the most pronounced in 2009 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2010 to 2020, the growth of the market remained at a lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Algeria

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire exports surged to $X in 2020. In general, exports posted significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tunisia (X tons) was the main destination for iron and steel wire exports from Algeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Tunisia was relatively modest.

From 2007 to 2020, the average annual rate of growth in terms of value to Tunisia was relatively modest.

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the export price showed a dramatic slump. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton, and then dropped notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Tunisia.

From 2007 to 2020, the rate of growth in terms of prices for Tunisia amounted to X% per year.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Algeria

In 2020, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) imported into Algeria shrank remarkably to X tons, which is down by -X% compared with the year before. In general, imports saw a perceptible decrease. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2010 to 2020, the growth imports failed to regain the momentum.

In value terms, iron and steel wire imports reduced dramatically to $X in 2020. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2010 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Spain (X tons) were the main suppliers of iron and steel wire imports to Algeria, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Turkey, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Turkey ($X) and Spain ($X) were the largest iron and steel wire suppliers to Algeria, together comprising X% of total imports.

Turkey recorded the highest rates of growth with regard to the value of imports, in terms of 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 iron and steel wire import price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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