Algeria: Chestnut Market Overview 2021

Chestnut Market Size in Algeria

The Algerian chestnut market surged to $X in 2019, picking up by X% against the previous year. Over the period under review, consumption saw a significant expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Chestnut consumption peaked in 2019 and is likely to continue growth in the near future.

Chestnut Production in Algeria

In value terms, chestnut production reached $X in 2019 estimated in export prices. Over the period under review, the total production indicated a prominent expansion from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2012 indices. 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 peak level in 2019 and is expected to retain growth in the near future.

In 2019, the average chestnut yield in Algeria amounted to X kg per ha, leveling off at 2018. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the harvested area of chestnuts in Algeria amounted to X ha, approximately equating the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Chestnut Exports

Exports from Algeria

In 2019, exports of chestnuts from Algeria shrank modestly to X tonnes, waning by -X% compared with the previous year. Over the period under review, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, chestnut exports reached $X in 2019. Overall, total exports indicated buoyant growth from 2012 to 2019: its value decreased at an average annual rate of -X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see gradual growth in years to come.

Exports by Country

Tunisia (X tonnes), Italy (X tonnes) and Canada (X tonnes) were the main destinations of chestnut exports from Algeria.

From 2012 to 2019, the biggest increases were in Canada, while shipments for the other leaders experienced a decline.

In value terms, Italy ($X), Tunisia ($X) and Canada ($X) appeared to be the largest markets for chestnut exported from Algeria worldwide.

Tunisia recorded the highest rates of growth with regard to the value of exports, in terms of 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 chestnut export price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Canada ($X per tonne), while the average price for exports to Tunisia ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Chestnut Imports

Imports into Algeria

In 2019, chestnut imports into Algeria surged to X tonnes, jumping by X% on the previous year's figure. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, chestnut imports skyrocketed to $X in 2019. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2019, South Korea (X tonnes) was the main supplier of chestnut to Algeria, accounting for a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from South Korea totaled +X%.

In value terms, South Korea ($X) constituted the largest supplier of chestnut to Algeria.

From 2012 to 2019, the average annual rate of growth in terms of value from South Korea totaled +X%.

Import Prices by Country

The average chestnut import price stood at $X per tonne in 2019, approximately equating the previous year. In general, the import price faced a abrupt downturn. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2019, the rate of growth in terms of prices for South Korea amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

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China (3.7M tonnes) constituted the country with the largest volume of chestnut consumption, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total consumption. Italy (63K tonnes) ranked third in terms of total consumption with a 1.5% share.

What are the largest producers of chestnuts in the world?

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China (3.7M tonnes) remains the largest chestnut producing country worldwide, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total production.

What are the leading suppliers of chestnuts to Algeria?

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In value terms, South Korea ($23K) constituted the largest supplier of chestnut to Algeria.

What are the leading importers of chestnuts from Algeria?

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In value terms, the largest markets for chestnut exported from Algeria were Italy ($49K), Tunisia ($48K) and Canada ($5.2K).

What is the average export price for chestnuts in Algeria?

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In 2019, the average chestnut export price amounted to $1,505 per tonne, increasing by 12% against the previous year.

What is the average import price for chestnuts in Algeria?

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The average chestnut import price stood at $2,043 per tonne in 2019, leveling off at the previous year.