
Algeria - Cane Molasses - Market Analysis, Forecast, Size, Trends and Insights
Algeria: Cane Molasses Market 2023
Cane Molasses Market Size in Algeria
In 2021, the Algerian cane molasses market decreased by -32.7% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.
Cane Molasses Production in Algeria
In value terms, cane molasses production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 34%. Cane molasses production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.
Cane Molasses Exports
Exports from Algeria
In 2021, after three years of decline, there was significant growth in overseas shipments of cane molasses, when their volume increased by 163% to X tons. In general, exports showed modest growth. The growth pace was the most rapid in 2016 with an increase of 713%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.
In value terms, cane molasses exports soared to $X in 2021. Overall, exports enjoyed a measured increase. The most prominent rate of growth was recorded in 2016 when exports increased by 674% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.
Exports by Country
The UK (X tons) was the main destination for cane molasses exports from Algeria, with a 51% share of total exports. Moreover, cane molasses exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 16% share.
From 2012 to 2021, the average annual growth rate of volume to the UK stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.9% per year) and Spain (-4.8% per year).
In value terms, the largest markets for cane molasses exported from Algeria were the UK ($X), the Netherlands ($X) and Italy ($X), together accounting for 84% of total exports.
The UK, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average cane molasses export price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.
Cane Molasses Imports
Imports by Country
In 2018, China (X tons) was the main supplier of cane molasses to Algeria, with a approx. 100% share of total imports.
From 2018 to 2018, the average annual rate of growth in terms of volume from China was relatively modest.
In value terms, China ($X) constituted the largest supplier of cane molasses to Algeria.
From 2018 to 2018, the average annual rate of growth in terms of value from China was relatively modest.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cane molasses market in Algeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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