Updated Jan 13, 2023 06:44

Market for Motor Vehicle Chassis Fitted With Engines in Algeria

Market Overview
The Algerian market for motor vehicle chassis fitted with engines declined modestly 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 slump. Consumption of peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, production of motor vehicle chassis fitted with engines fell slightly to $ in estimated in export price. Overall, production recorded a pronounced reduction. The pace of growth was the most pronounced in 2012 when the production volume increased by % against the previous year. Over the period under review, production of attained the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.


Consumption
In , consumption of motor vehicle chassis fitted with engines in Algeria shrank to units, with a decrease of -% on figures. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, consumption of reached the maximum volume at units in 2007; however, from 2008 to , consumption failed to regain momentum.

The size of the market for motor vehicle chassis fitted with engines in Algeria contracted slightly 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). In general, consumption showed a deep reduction. Consumption of peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for motor vehicle chassis fitted with engines 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 .


Market Structure
Over the period under review, imports of motor vehicle chassis fitted with engines in Algeria were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for motor vehicle chassis fitted with engines.


Trade Balance
Algeria remains a net exporter of motor vehicle chassis fitted with engines; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.