From January to October 2021, the bilateral import and export volume of goods between China and Алжир was US$6,126.31 million, an increase of US$830.412 million compared with the same period in 2020, a year-on-year increase of 15.7%.
From January to October 2021, the total value of China’s exports to Algeria was US$5,130,287,300, an increase of US$692,254,300 compared with the same period in 2020, a year-on-year increase of 15.7%; the total value of China’s imports from Algeria was US$996,018,700, compared with 2020. During the same period, it increased by 138.1567 million US dollars, a year-on-year increase of 16.1%.
Although Algeria is an African country, its industrial output has risen year after year in the past decade, improving the single economic model that relied on oil and natural gas in the past. While the Algerian government encourages private investment, areas outside the traditional economic centres of Algiers, the capital, and Oran, a major port for oil and gas exports, are increasingly benefiting from more public and private investment. Dongqi Crane also benefited a lot in this process. The demand for cranes in the newly added factories has increased year by year. In the past 2021, Dongqi Crane has signed orders for more than a dozen crane cooperation projects in Algeria. This article will start from the import and export data of overhead cranes in Algeria to analyze the trend of the crane market in Algeria in 2022
Before we start discussing the aerial crane market in Algeria, we have a few small questions that need to be answered first. Let’s take a look
Источник данных: https://www.indexbox.io/store/algeria-overhead-travelling-cranes-on-fixed-support-market-analysis-forecast-size-trends-and-insights/
The Algerian Overhead Crane Market dropped significantly to USD X in 2020, shrinking by -X% compared to the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, there has been a sharp decline in consumption. In 2014, the growth rate was the fastest, and the market value increased by X% year-on-year. As a result, spending reached the highest level of X dollars. From 2015 to 2020, the market growth rate remained at a low level.
In 2020, the number of fixed-support overhead cranes exported from Algeria was X, which was the same as the previous year. Overall, exports continued to expand significantly. During the period under review, exports peaked at X units in 2012; however, from 2013 to 2020, exports failed to regain momentum.
Overhead crane exports in 2020 are X dollars by value. During the period under review, exports recorded strong growth. During the period under review, exports peaked at $X in 2012; however, from 2013 to 2020, export figures were slightly lower.
Italy (unit X) and the Объединенные Арабские Эмираты (unit X) are the main destinations for Algeria's overhead crane exports.
From 2007 to 2012, the largest increase was in Italy.
From 2007 to 2012, the average annual value growth rate for the United Arab Emirates was relatively modest.
Algeria buys fixed-support overhead cranes abroad for the third year in a row, down -X% to X units in 2020. Overall, imports fell sharply. 2014 saw the fastest growth, with imports increasing by X% year-on-year. As a result, imports peaked at X units. From 2015 to 2020, import growth remained low.
Overhead crane imports fell sharply to $X in 2020 by value. Overall, imports contracted slightly. The most significant growth rate occurred in 2014, when imports increased by X% year-on-year. During the period under review, imports peaked at $X in 2017; however, from 2018 to 2020, import volumes have remained low.
In 2020, the United States (X units) was the largest supplier of overhead cranes to Algeria, accounting for X% of total imports. In addition, the number of overhead cranes imported from the US was nine times higher than the number recorded by the second largest supplier, Thailand (X units). Third in the ranking is Saudi Arabia (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales in the United States totaled +X%. The average annual growth rates of imports from the remaining suppliers are as follows: Thailand (-X% per annum) and Saudi Arabia (+X% per annum).
By value, Thailand ($X), the United States ($X) and Saudi Arabia ($X) are the largest suppliers of overhead cranes to Algeria, together accounting for X% of total imports.
Among the major suppliers, Saudi Arabia experienced the highest growth in import value during the period under review, while other leaders saw more modest growth in purchases.
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