Algeria: Butter Market Overview 2021

Butter Market Size in Algeria

The Algerian butter market reduced to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Butter consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Butter Production in Algeria

In value terms, butter production amounted to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Butter Exports

Exports from Algeria

In 2020, shipments abroad of butter increased by X% to X tonnes, rising for the eighth year in a row after three years of decline. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, butter exports soared to $X in 2020. Over the period under review, exports posted a buoyant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for butter exports from Algeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates amounted to +X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for butter exports from Algeria.

From 2007 to 2020, the average annual growth rate of value to the United Arab Emirates totaled +X%.

Export Prices by Country

In 2020, the average butter export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2007 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to +X% per year.

Butter Imports

Imports into Algeria

In 2020, approx. X tonnes of butter were imported into Algeria; declining by -X% against the year before. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, butter imports reduced markedly to $X in 2020. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the United Arab Emirates (X tonnes) constituted the largest butter supplier to Algeria, accounting for a X% share of total imports. Moreover, butter imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), fivefold. Uruguay (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-X% per year) and Uruguay (+X% per year).

In value terms, the United Arab Emirates ($X), New Zealand ($X) and Uruguay ($X) appeared to be the largest butter suppliers to Algeria, with a combined X% share of total imports.

The United Arab Emirates saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average butter import price amounted to $X per tonne, waning by -X% against the previous year. Overall, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, butter import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Argentina ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter in the world?

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The countries with the highest volumes of butter consumption in 2020 were the U.S. (946K tonnes), Germany (527K tonnes) and France (449K tonnes), with a combined 34% share of global consumption. Russia, New Zealand, Turkey, Iran, the UK, China, Canada, Poland, Brazil and Australia lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of butter in the world?

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The countries with the highest volumes of butter production in 2020 were the U.S. (934K tonnes), New Zealand (519K tonnes) and Germany (492K tonnes), together comprising 34% of global production. These countries were followed by France, Ireland, Russia, Turkey, Iran, Poland, the UK, the Netherlands, Canada and Belarus, which together accounted for a further 36%.

What are the leading suppliers of butter to Algeria?

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In value terms, the United Arab Emirates ($1.5M), New Zealand ($761K) and Uruguay ($592K) constituted the largest butter suppliers to Algeria, with a combined 55% share of total imports.

What are the leading importers of butter from Algeria?

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In value terms, the United Arab Emirates ($2.9K) remains the key foreign market for butter exports from Algeria.

What is the average export price for butter in Algeria?

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In 2020, the average butter export price amounted to $2,032 per tonne, picking up by 7.5% against the previous year.

What is the average import price for butter in Algeria?

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The average butter import price stood at $3,423 per tonne in 2020, with a decrease of -17.3% against the previous year.