Transportation Vehicle Body Market in Algeria
Market Overview
The Algerian transportation vehicle body market was finally on the rise to reach $
in , after two years of decline. Over the period under review, consumption saw a significant increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, transportation vehicle body production soared to $ in estimated in export price. In general, production posted buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2011 to , production growth remained at a somewhat lower figure.
in , after two years of decline. Over the period under review, consumption saw a significant increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, transportation vehicle body production soared to $
in estimated in export price. In general, production posted buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2011 to , production growth remained at a somewhat lower figure.Consumption
In , consumption of bodies for motor vehicles for the transporting people was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted a significant increase. As a result, consumption reached the peak volume of units. From to , the growth of the consumption remained at a somewhat lower figure.
The value of the transportation vehicle body market in Algeria soared to $ in , surging 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 significant expansion. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
, consumption of bodies for motor vehicles for the transporting people was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted a significant increase. As a result, consumption reached the peak volume of units. From to , the growth of the consumption remained at a somewhat lower figure.The value of the transportation vehicle body market in Algeria soared to $
in , surging 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 significant expansion. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for bodies for motor vehicles for the transporting people in Algeria, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to units by the end of .In value terms, the market is forecast to increase 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
Driven by a growing demand, the share of imports in total supply in Algeria increased significantly over the last fifteen-year period (from % to %). Total import supply of transportation vehicle body is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of transportation vehicle body is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Algeria remains a net importer of transportation vehicle body; 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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