Passenger Car Market in Algeria
Market Overview
In 
, the Algerian passenger car market increased by % to $ for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a abrupt decrease. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.
In value terms, passenger car production contracted slightly to $ in estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2011; however, from 2012 to , production remained at a lower figure.
, the Algerian passenger car market increased by % to $ for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a abrupt decrease. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.In value terms, passenger car production contracted slightly to $
in estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2011; however, from 2012 to , production remained at a lower figure.Consumption
In , approx. units of passenger cars were consumed in Algeria; dropping by -% compared with figures. Over the period under review, consumption saw a abrupt shrinkage. As a result, consumption attained the peak volume of units. From 2013 to , the growth of the consumption remained at a lower figure.
The size of the passenger car market in Algeria reduced to $ in , dropping 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). In general, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.
, approx. units of passenger cars were consumed in Algeria; dropping by -% compared with figures. Over the period under review, consumption saw a abrupt shrinkage. As a result, consumption attained the peak volume of units. From 2013 to , the growth of the consumption remained at a lower figure.The size of the passenger car market in Algeria reduced to $
in , dropping 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). In general, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for passenger car 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 .
% 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Algeria domestic supply is expected to continue its growth. Passenger car market in Algeria consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Algeria relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
% in 2007 to % in . Algeria domestic supply is expected to continue its growth. Passenger car market in Algeria consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Algeria relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.Trade Balance
Algeria remains a net importer of passenger car; 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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