Algeria: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Algeria

The Algerian market for crude sunflower-seed and safflower oil skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt slump. Crude sunflower-seed and safflower oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Algeria

In value terms, crude sunflower-seed and safflower oil production rose markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Crude sunflower-seed and safflower oil production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Algeria

In 2022, approx. X tons of crude sunflower-seed and safflower oil were exported from Algeria; reducing by X% against the previous year. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, crude sunflower-seed and safflower oil exports fell significantly to $X in 2022. Overall, exports saw a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Algeria, with a X% share of total exports. It was followed by Qatar (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%.

In value terms, Canada ($X) remains the key foreign market for crude sunflower-seed and safflower oil exports from Algeria, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada totaled X%.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, flattening at the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Algeria

In 2022, imports of crude sunflower-seed and safflower oil into Algeria skyrocketed to X tons, with an increase of X% against 2021. Over the period under review, imports, however, recorded a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude sunflower-seed and safflower oil imports soared to $X in 2022. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of crude sunflower-seed and safflower oil to Algeria, with a X% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Russia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Ukraine (X% per year).

In value terms, the largest crude sunflower-seed and safflower oil suppliers to Algeria were Argentina ($X), Russia ($X) and Ukraine ($X), with a combined X% share of total imports. Turkey lagged somewhat behind, accounting for a further X%.

Turkey, with a CAGR of X,331.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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