Updated Nov 14, 2022 16:49

Truck Crane Market in Algeria

Market Overview
The Algerian truck crane market expanded remarkably to $ in , with an increase of % 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, however, continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.


Consumption
Truck crane consumption in Algeria dropped slightly to units in , which is down by -% against . Over the period under review, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak volume of units. From 2013 to , the growth of the consumption remained at a lower figure.

The revenue of the truck crane market in Algeria declined modestly to $ in , remaining constant 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 lower figure.


Market Forecast
Depressed by shrinking demand for truck crane 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 .


Market Structure
Truck crane market in Algeria consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Algeria remains a net importer of truck crane; 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.