Algeria’s car market in 2021 rises by 17.8% with 32,851 sales, reporting a very large variation in performance.
Market Trend
The Algerian car market this year reported extreme swings, ranging from a 70% drop in Q1 to a 1859.6% rise in Q2.
The Algerian automotive industry was fighting to recover after the sharp fall reported during the last years, generated by the government strategy to build up local production, banning the vehicles import. The market is now heavily concentrated in those manufacturers which have decided to start up local facilities.
In the last six years, the automotive industry in Algeria has dramatically changed, losing over 70% of volumes, due to the government’s decision to block the vehicles import and push all carmakers willing to sell in the country, to establish local facilities.
While the purpose was not original, the approach led to a shortage of products, and prices jumped in the sky, with the market collapsing from the all-time record of 429,960 light vehicles units hit in 2013, to a minimum peak of 101,979 units sold in 2017. At that point in time, when the first plants have been able to start a growing production, the market approaches the recovery, growing at 127,300 in 2018.
However, in 2019 the market did not hold the recovering trend, registering 153,617 units.
2020 represents however a huge step back, with the market deeply declining hit by the economic crisis generated by the COVID-19 restrictions and by the fall of oil price and export. Sales in 2020 have been 27.894, reporting a decline of 81.8%.
Full-Year sales for 2021 have been 32,851, reporting a 17.8% increase compared to 2020.
