Algeria lifting equipment market soars to $X in 2021, an increase of X% over 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, however, there has been a sharp decline in consumption. Lifting equipment consumption peaked at $X in 2016; however, consumption failed to regain momentum from 2017 to 2021.
In 2021, the number of imported lifting equipment in Algeria surged to X units, an increase of X% year-on-year. However, imports continued to show a relatively flat trend pattern during the period under review. During the period under review, imports reached a maximum of X units in 2016; however, from 2017 to 2021, imports remained at a low level.
Lifting equipment imports jumped to $X in 2021 in value terms. But overall, imports face a severe contraction. During the period under review, imports reached a maximum value of X dollars in 2016; however, from 2017 to 2021, imports remained at lower levels.
The Netherlands (X units), Japan (X units) and Germany (X units) are the main suppliers of lifting equipment imported to Algeria, together accounting for X% of total imports. From 2012 to 2021, among the major suppliers, Germany recorded the most significant growth in purchases (+X% CAGR), while the other leaders saw more modest growth in imports.
The largest lifting equipment suppliers to Algeria by value are the Netherlands ($X), Japan ($X) and Germany ($X), which together account for X% of total imports. As far as major suppliers are concerned, Germany experienced the highest growth in import value during the period under review, with a CAGR of +X%, while other leading countries saw a decline in purchases.
Algeria's largest suppliers of lifting equipment by value are the Netherlands, Japan and Germany, which together account for 86% of total imports.
The average import price of hoisting equipment in 2021 is $2,195 per unit, down -7.8% from the previous year.
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