The North African country Algeria is surrounded by Mediterranean coastline and a Saharan desert interior. The country is classified as an upper-middle-income country by the World Bank. The economy remains dominated by the state, a legacy of the country's socialist post-independence development model. In recent years, the Algerian government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy.
Algeria has enormous possibilities to boost its economic growth, including huge foreign-exchange reserves derived from oil and gas. A development strategy targeting stronger, sustained growth would create more jobs, especially for young people, and alleviate the housing shortage the country is facing. The national strategic option is therefore to revitalise the process intended to diversify the economy starting with the non-oil sector while deepening the reforms needed for the structural transformation of the economy.
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The nation’s import of aluminium plates, sheets and strips in 2017 has been recorded at 8432 tonnes and the foreign revenue expenditure stood at $25.50 million, while in 2018 the import saw growth by 11.68%, as the total volume stood at 9417 tonnes and the expenditure stood at $26.98 million.
In 2019 the import also recorded a growth by 18.51%, as the total import volume stood at 11,161 tonnes and the expenditure dropped to $22.79 million, whereas the projected import for 2020 has been analysed with a rise by 12.17%, as the import is expected to climb at 12,520 tonnes, to be marked highest in the four years phase and the expenditure might stretch to $25.96 million.
The major exporting countries for Algeria’s import of aluminium plates, sheets and strips are Belgium, France, Turkey, UAE, Germany, Honk Kong, Italy, Jordon, Netherlands, Norway, Spain, Serbia, etc.
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