Crawler Tractor Market in Algeria
Market Overview
For the fourth year in a row, the Algerian crawler tractor market recorded decline in sales value, which decreased by -
% to $ in . In general, consumption, however, recorded a abrupt downturn. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a somewhat lower figure.
% to $ in . In general, consumption, however, recorded a abrupt downturn. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a somewhat lower figure.Consumption
In , the amount of crawler tractors consumed in Algeria amounted to units, remaining stable against figures. Overall, consumption saw a abrupt decrease. As a result, consumption reached the peak volume of units. From 2018 to , the growth of the consumption remained at a lower figure.
The value of the crawler tractor market in Algeria shrank sharply 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 saw a deep contraction. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.
, the amount of crawler tractors consumed in Algeria amounted to units, remaining stable against figures. Overall, consumption saw a abrupt decrease. As a result, consumption reached the peak volume of units. From 2018 to , the growth of the consumption remained at a lower figure.The value of the crawler tractor market in Algeria shrank sharply 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 saw a deep contraction. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for crawler 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 .
% 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
Crawler tractor market in Algeria consists almost entirely of imported products.
Trade Balance
Algeria remains a net importer of crawler 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.
. 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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