Internal Combustion Engines Market in Algeria
Market Overview
The Algerian internal combustion engines market skyrocketed to $
in , with an increase of % 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 enjoyed a buoyant increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
in , with an increase of % 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 enjoyed a buoyant increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.Consumption
In , approx. units of motor vehicles compression-ignition internal combustion piston engines were consumed in Algeria; increasing by % on the year before. Overall, consumption posted a significant increase. Over the period under review, consumption reached the peak volume at units in 2019; however, from to , consumption remained at a lower figure.
The size of the internal combustion engines market in Algeria rose remarkably to $ in , with an increase of % 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 continues to indicate resilient growth. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
, approx. units of motor vehicles compression-ignition internal combustion piston engines were consumed in Algeria; increasing by % on the year before. Overall, consumption posted a significant increase. Over the period under review, consumption reached the peak volume at units in 2019; however, from to , consumption remained at a lower figure.The size of the internal combustion engines market in Algeria rose remarkably to $
in , with an increase of % 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 continues to indicate resilient growth. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for motor vehicles compression-ignition internal combustion piston engines in Algeria, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Internal combustion engines market in Algeria consists almost entirely of imported products.
Trade Balance
Algeria remains a net importer of internal combustion engines; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, 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.
. In , there was a significant trade deficit of units, 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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