Plugs and Socket Price in Algeria - 2022
Contents:
- Plugs and Socket Price in Algeria (CIF) - 2022
- Plugs and Socket Price in Algeria (FOB) - 2022
- Plugs and Socket Imports in Algeria
- Plugs and Socket Exports in Algeria
Plugs and Socket Price in Algeria (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $0.2 per unit, rising by 22% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plugs and socket import price increased by +51.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($0.6 per unit), while the price for Turkey ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Algeria (FOB) - 2022
The average plugs and socket export price stood at $0.1 per unit in 2022, growing by 3.5% against the previous year. Overall, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($0.5 per unit), while the average price for exports to Mali (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Algeria
In 2022, imports of electrical plugs and sockets for under 1000 v into Algeria declined dramatically to 63M units, dropping by -53% on the previous year's figure. In general, imports showed a dramatic curtailment. The smallest decline of -4.5% was in 2020. Over the period under review, imports attained the peak figure at 166M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, plugs and socket imports declined significantly to $9.9M in 2022. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of $17M, and then declined rapidly in the following year.
| Import of Plugs and Socket in Algeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 4.5 | 4.3 | 2.8 | -13.3% |
| Turkey | 3.1 | 3.1 | 3.5 | 1.7 | -18.1% |
| Egypt | 1.6 | 1.1 | 3.1 | 1.7 | 2.0% |
| France | 2.3 | 2.7 | 2.8 | 1.1 | -21.8% |
| Hungary | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Spain | 0.4 | 0.3 | 0.7 | 0.2 | -20.6% |
| Others | 3.2 | 2.8 | 2.6 | 2.2 | -11.7% |
| Total | 15.1 | 14.8 | 17.2 | 9.9 | -13.1% |
Top Suppliers of Plugs and Socket to Algeria in 2022:
- Turkey (24.7M units)
- China (22.8M units)
- France (3.0M units)
- Egypt (2.9M units)
- Spain (2.9M units)
- Hungary (2.3M units)
Plugs and Socket Exports in Algeria
In 2022, approx. 181K units of electrical plugs and sockets for under 1000 v were exported from Algeria; picking up by 61% against the previous year's figure. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 198% against the previous year. As a result, the exports reached the peak of 440K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, plugs and socket exports surged to $26K in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 368%. As a result, the exports attained the peak of $62K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Plugs and Socket in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.3 | 18.7 | 5.4 | 9.5 | 42.3% |
| Nigeria | 1.7 | 8.6 | 2.2 | 3.5 | 27.2% |
| Niger | 1.6 | 7.5 | 1.8 | 2.5 | 16.0% |
| Benin | 2.2 | 6.8 | 1.5 | 1.9 | -4.8% |
| Ghana | 0.1 | 0.6 | 0.3 | 1.7 | 157.1% |
| Mauritania | 0.3 | 1.6 | 0.4 | 0.6 | 26.0% |
| Mali | 0.5 | 1.8 | 0.4 | 0.4 | -7.2% |
| Others | 3.7 | 16.4 | 3.8 | 6.0 | 17.5% |
| Total | 13.3 | 62.0 | 15.7 | 26.2 | 25.4% |
Top Export Markets for Plugs and Socket from Algeria in 2022:
- Mali (46.9K units)
- Benin (44.9K units)
- Niger (41.0K units)
- Russia (17.9K units)
- Nigeria (12.4K units)
- Ghana (4.9K units)
- Mauritania (3.1K units)
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