Goods Vehicle Market in Algeria
Market Overview
In 
, the Algerian goods vehicle market increased by % to $, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate noticeable growth. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market failed to regain momentum.
, the Algerian goods vehicle market increased by % to $, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate noticeable growth. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market failed to regain momentum.Consumption
In , consumption of goods vehicles, with spark-ignition internal combustion piston engine increased by % to units, rising for the second consecutive year after three years of decline. Overall, consumption showed a pronounced increase. As a result, consumption attained the peak volume of units. From 2013 to , the growth of the consumption remained at a somewhat lower figure.
The revenue of the goods vehicle market in Algeria soared 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). Over the period under review, consumption continues to indicate perceptible growth. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.
, consumption of goods vehicles, with spark-ignition internal combustion piston engine increased by % to units, rising for the second consecutive year after three years of decline. Overall, consumption showed a pronounced increase. As a result, consumption attained the peak volume of units. From 2013 to , the growth of the consumption remained at a somewhat lower figure.The revenue of the goods vehicle market in Algeria soared 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). Over the period under review, consumption continues to indicate perceptible growth. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.Market Forecast
The goods vehicle market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 eight-year 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
Goods vehicle market in Algeria consists almost entirely of imported products.
Trade Balance
Algeria remains a net importer of goods vehicle; 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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