Concrete-Mixer Lorry Market in Algeria
Market Overview
In 
, the Algerian concrete-mixer lorry market increased by % to $ for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt setback. Concrete-mixer lorry consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
, the Algerian concrete-mixer lorry market increased by % to $ for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt setback. Concrete-mixer lorry consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of concrete-mixer lorries increased by % to units for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt setback. Over the period under review, consumption attained the peak volume at units in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
The size of the concrete-mixer lorry market in Algeria soared to $ in , jumping 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, however, recorded a deep reduction. Concrete-mixer lorry consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
, consumption of concrete-mixer lorries increased by % to units for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt setback. Over the period under review, consumption attained the peak volume at units in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.The size of the concrete-mixer lorry market in Algeria soared to $
in , jumping 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, however, recorded a deep reduction. Concrete-mixer lorry consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for concrete-mixer lorry 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
Concrete-mixer lorry 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.
, 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 concrete-mixer lorry; 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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