Algeria: Butter Market Overview 2021

Butter Market Size in Algeria

After two years of decline, the Algerian butter market increased by X% to $X in 2019. Over the period under review, consumption recorded modest growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.

Butter Production in Algeria

In value terms, butter production skyrocketed to $X in 2019 estimated in export prices. In general, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2012 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.

Butter Exports

Exports from Algeria

In 2019, the amount of butter exported from Algeria surged to X tonnes, jumping by X% against 2018. In general, exports continue to indicate significant growth. Exports peaked at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, butter exports surged to $X in 2019. Over the period under review, exports showed significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tonnes) was the main destination for butter exports from Algeria, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to France was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

In 2019, the average butter export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for France amounted to X% per year.

Butter Imports

Imports into Algeria

In 2019, purchases abroad of butter decreased by X% to X kg, falling for the third consecutive year after two years of growth. Overall, imports saw a slight setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2014 to 2019, the growth imports failed to regain the momentum.

In value terms, butter imports amounted to $X in 2019. In general, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume from No country was relatively modest.

From 2007 to 2019, the average annual growth rate of value from No country was relatively modest.

Source: IndexBox AI 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 2019 were the U.S. (984K tonnes), France (520K tonnes) and Germany (446K tonnes), together accounting for 35% of global consumption. These countries were followed by Russia, Turkey, New Zealand, the UK, China, Iran, Poland, Australia, Brazil and Italy, which together accounted 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 2019 were the U.S. (965K tonnes), New Zealand (514K tonnes) and Germany (438K tonnes), together accounting for 34% of global production. These countries were followed by France, Ireland, Turkey, Russia, Poland, the UK, the Netherlands, Belarus, Iran and Ukraine, which together accounted for a further 36%.

What is the average export price for butter in Algeria?

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In 2019, the average butter export price amounted to $4,636 per tonne, jumping by 50% against the previous year.