Updated Nov 15, 2022 00:16

Tractor Market in Algeria

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Algerian tractor market was estimated at $ in , surging 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, however, saw a noticeable decrease. Tractor consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , the amount of tractors consumed in Algeria fell modestly to units, dropping by -% compared with the previous year's figure. Over the period under review, consumption continues to indicate a noticeable decrease. Over the period under review, consumption attained the peak volume at units in 2014; however, from 2015 to , consumption failed to regain momentum.

The size of the tractor market in Algeria declined to $ in , remaining constant 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 showed a pronounced shrinkage. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption failed to regain momentum.


Consumption by Type
Please note: Annual data for 2022 are preliminary and subject to revision
Road tractors for semi-trailers ( units), agricultural and forestry tractors ( units) and pedestrian-controlled tractors ( units) were the main products of tractor consumption in Algeria, together comprising % of the total volume.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consumed products, was attained by agricultural and forestry tractors (with a CAGR of +%), while consumption for the other products experienced a decline.

In value terms, road tractors for semi-trailers ($) led the market, alone. The second position in the ranking was held by agricultural and forestry tractors ($). It was followed by crawler tractors.

From 2007 to , the average annual growth rate of the value of road tractors for semi-trailers markets stood at -%. With regard to the other consumed products, the following average annual rates of growth were recorded: agricultural and forestry tractors (+% per year) and crawler tractors (-% per year).


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Depressed by shrinking demand for tractor in Algeria, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract 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
Tractor 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 tractor; 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.