Updated Jan 11, 2023 16:37

Combined Refrigerator-Freezer Market in Algeria

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In , after three years of decline, there was significant growth in the Algerian combined refrigerator-freezer market, when its value increased by % to $. Overall, consumption, however, recorded a noticeable decrease. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to , consumption failed to regain momentum.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , consumption of combined refrigerators-freezers increased by % to units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a slight decline. Over the period under review, consumption reached the maximum volume at units in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

The value of the combined refrigerator-freezer market in Algeria skyrocketed to $ in , picking up 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). Overall, consumption, however, continues to indicate a pronounced setback. Combined refrigerator-freezer consumption peaked at $ in 2016; however, from 2017 to , consumption remained at a lower figure.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by rising demand for combined refrigerator-freezer in Algeria, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, 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 .


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Combined refrigerator-freezer market in Algeria consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Algeria remains a net importer of combined refrigerator-freezer; 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.