The fall in hydrocarbon prices, which began in 2014, continued in 2015,2016 and 2017. This fall, combined with the Dinar's continued slide against the euro, weighs heavily on Algeria's macroeconomic balances.
As a reminder, over the period 2002-2015, hydrocarbons represented on average 98% of Algeria's exports, 67% of its tax revenues and contributed 35% to its GDP. In 2016, the IMF forecasts that hydrocarbons account for 93% of exports, 38% of tax revenues and 27% of GDP. That is, tax revenues and a 30% drop in the contribution to GDP.
The Algerian authorities have embarked on a process of fiscal consolidation and control of the external deficit, which resulted in 2017 in import restrictions with the immediate consequences of a decline in activity and a significant reduction in the number of TEUs imported. Nevertheless, the Algerian authorities forecast GDP growth of 3.9% in 2017,3.6% in 2018 and 4.3% in 2019.
According to the IMF, the growth rate of the Algerian economy, which stood at 3.6% in 2016, is expected to remain above 2.6% over the next few years.
The repeated failure to establish a transition economy independent of hydrocarbons and imports forces Algeria to continue supplying a large number of sectors from abroad.
Algeria imports capital goods, inputs necessary for the few processing industries carried out in recent years but still imports consumer goods.
Since the beginning of 2018, imports have been subject to quotas and prior authorisation.
The port of Algiers comprises 3 zones: North, Centre and South. EPAL, the Port Enterprise of Algiers, manages:
North zone for ferries and tramp boats,
The 10 to 12 berths in the centre area, mainly reserved for container portals, ro-ro ships and ancillary to tramp ships, very often receive our vessel M/V Waddens and... the Ro/Ro Niolon, which is currently chartered by Marfret.
Part of the southern zone receives oil and cereal ships (and occasionally the M/V Waddens).
The other part of the SOUTH zone, the container terminal of Algiers without gantry crane, is managed by "DPWorld".
MARFRET IN ALGIERS
In 2008, Marfret created Marfret Algérie, a general shipping agent.
The collaboration with Mondial Shipping, Marfret's port agent in Algeria, has been ongoing since April 2000.
Since 2012, Marfret has been serving the Algerian dry port of Mageco in the Rouïba industrial zone. The company ensures a weekly departure from Marseille on Friday, for a Sunday arrival in Algiers. The rotation is carried out by the chartered vessel "Waddens", a container ship with a capacity of 350 TEU.
The containers, quickly evacuated, are cleared at the dry port which offers all customs services and also ensures unbundling.