Market for Agricultural And Forestry Tractor in Algeria
Market Overview
In 
, the Algerian agricultural and forestry tractor market was finally on the rise to reach $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a mild increase. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
, the Algerian agricultural and forestry tractor market was finally on the rise to reach $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a mild increase. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of agricultural and forestry tractors increased by % to units, rising for the second year in a row after two years of decline. In general, consumption continues to indicate notable growth. Agricultural and forestry tractor consumption peaked at units in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
The value of the agricultural and forestry tractor market in Algeria contracted to $ in , falling 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 slight expansion. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption failed to regain momentum.
, consumption of agricultural and forestry tractors increased by % to units, rising for the second year in a row after two years of decline. In general, consumption continues to indicate notable growth. Agricultural and forestry tractor consumption peaked at units in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.The value of the agricultural and forestry tractor market in Algeria contracted to $
in , falling 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 slight expansion. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for agricultural and forestry tractors in Algeria, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, 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
Agricultural and forestry tractor market in Algeria consists almost entirely of imported products.
Trade Balance
Algeria remains a net importer of agricultural and forestry 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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