Wooden Kitchen Furniture Market in Algeria
Market Overview
The Algerian wooden kitchen furniture market reduced modestly to $
in , shrinking 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). Overall, consumption, however, continues to indicate a perceptible decline. Wooden kitchen furniture consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
In value terms, wooden kitchen furniture production expanded rapidly to $ in estimated in export price. Over the period under review, production saw a pronounced decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2016 to , production growth remained at a somewhat lower figure.
in , shrinking 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). Overall, consumption, however, continues to indicate a perceptible decline. Wooden kitchen furniture consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.In value terms, wooden kitchen furniture production expanded rapidly to $
in estimated in export price. Over the period under review, production saw a pronounced decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2016 to , production growth remained at a somewhat lower figure.Consumption
In , consumption of wooden furniture for kitchens was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a deep slump. Over the period under review, consumption hit record highs at units in 2014; however, from 2015 to , consumption remained at a lower figure.
The size of the wooden kitchen furniture market in Algeria fell 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, however, saw a perceptible shrinkage. Wooden kitchen furniture consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
, consumption of wooden furniture for kitchens was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a deep slump. Over the period under review, consumption hit record highs at units in 2014; however, from 2015 to , consumption remained at a lower figure.The size of the wooden kitchen furniture market in Algeria fell 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, however, saw a perceptible shrinkage. Wooden kitchen furniture consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for wooden kitchen furniture 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 .
% 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
Wooden kitchen furniture market in Algeria consists almost entirely of imported products. The growth in the share of Algeria imports of in the wooden kitchen furniture market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Algeria remains a net importer of wooden kitchen furniture; 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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