Hand Tools Market Overview in Algeria
Market Overview
The Algerian hand tools market reduced to $
in 2019, declining by -% 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). Over the period under review, consumption continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
in 2019, declining by -% 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). Over the period under review, consumption continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.Consumption
In 2019, the amount of hand tools consumed in Algeria reduced modestly to tonnes, waning by -% compared with the previous year's figure. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. As a result, consumption reached the peak volume of tonnes. From 2009 to 2019, the growth of the consumption remained at a lower figure.
The revenue of the hand tools market in Algeria fell modestly to $ in 2019, which is down by -% 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 slight contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
tonnes, waning by -% compared with the previous year's figure. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. As a result, consumption reached the peak volume of tonnes. From 2009 to 2019, the growth of the consumption remained at a lower figure.The revenue of the hand tools market in Algeria fell modestly to $
in 2019, which is down by -% 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 slight contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for hand tools in Algeria, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Trade Balance
Algeria remains a net importer of hand tools; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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