Algeria: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Algeria

The Algerian cyclic hydrocarbons market rose slightly to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a perceptible setback. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Algeria

In value terms, cyclic hydrocarbons production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Cyclic Hydrocarbons Exports

Exports from Algeria

In 2022, the amount of cyclic hydrocarbons exported from Algeria dropped remarkably to X tons, waning by X% against 2021 figures. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports dropped rapidly to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Turkey (X tons) and the United States (X tons) were the main destinations of cyclic hydrocarbons exports from Algeria, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for cyclic hydrocarbons exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into Algeria

In 2022, cyclic hydrocarbons imports into Algeria surged to X tons, with an increase of X% compared with the previous year's figure. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports surged to $X in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of cyclic hydrocarbons to Algeria, with a X% share of total imports. Moreover, cyclic hydrocarbons imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. South Korea (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 Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and South Korea (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of cyclic hydrocarbons to Algeria, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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