Updated Nov 15, 2022 00:16

Market for Road Tractor For Semi-Trailer in Algeria

Market Overview
The Algerian road tractor for semi-trailer market rose rapidly 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 noticeable reduction. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.


Consumption
In , the amount of road tractors for semi-trailers consumed in Algeria reduced to units, declining by -% compared with the previous year. In general, consumption continues to indicate a deep downturn. Road tractor for semi-trailer consumption peaked at units in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.

The revenue of the road tractor for semi-trailer market in Algeria reduced to $ in , waning 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 recorded a pronounced contraction. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for road tractor for semi-trailer in Algeria, the market is expected to continue its downward consumption trend over the next eight years. 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
Road tractor for semi-trailer market in Algeria consists almost entirely of imported products.


Trade Balance
Algeria remains a net importer of road tractor for semi-trailer; 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.