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2.11 AFRICA: Algeria
2018/01/22
Algeria’s economy is significantly affected by the price of oil. According to the IMF, Algeria’s GDP growth rate in 2016 came to 3.3%. Its 2017 growth rate is forecast to be 1.5%.
 
Algeria’s air conditioner market scale in 2017 was 474,000 units, an increase of 15.5% compared with 2016.
 
Gree, Midea, TCL, and Galanz are major export brands. Many air conditioners are re-exported from Algeria to other countries with air conditioner markets that are in the initial development stage. Midea has seen export growth to Africa of 35% in the first half of 2016, and the company is focusing on Algeria as its major export destination market. Chigo also increased its exports of air conditioners to Algeria.
 
Algeria’s location offers geo-graphic advantages when entering other African markets, and these advantages are attracting the attention of many manufacturers. Hisense has established a RAC production base in Algeria.
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