Electric Water Heater Market in Algeria
Market Overview
In 
, the Algerian electric water heater market decreased by -% to $ for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a prominent expansion. Electric water heater consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
, the Algerian electric water heater market decreased by -% to $ for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a prominent expansion. Electric water heater consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.Consumption
After two years of growth, consumption of electric water heaters and immersion heaters decreased by -% to units in . Over the period under review, consumption, however, showed a remarkable increase. As a result, consumption attained the peak volume of units. From 2017 to , the growth of the consumption remained at a lower figure.
The size of the electric water heater market in Algeria shrank to $ in , with a decrease 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, however, enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
% to units in . Over the period under review, consumption, however, showed a remarkable increase. As a result, consumption attained the peak volume of units. From 2017 to , the growth of the consumption remained at a lower figure.The size of the electric water heater market in Algeria shrank to $
in , with a decrease 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, however, enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for electric water heaters and immersion heaters 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
Electric water heater market in Algeria consists almost entirely of imported products.
Trade Balance
Algeria remains a net importer of electric water heater; 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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