Algeria: Essential Oils Market 2024

Essential Oils Market Size in Algeria

In 2022, after three years of decline, there was growth in the Algerian essential oils market, when its value increased by X% to $X. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Essential Oils Production in Algeria

In value terms, essential oils production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Essential Oils Exports

Exports from Algeria

Essential oils exports from Algeria expanded notably to X tons in 2022, surging by X% compared with 2021. Over the period under review, exports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, essential oils exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

France (X tons) was the main destination for essential oils exports from Algeria, with a X% share of total exports. It was followed by Canada (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Spain (X% per year).

In value terms, France ($X) remains the key foreign market for essential oils exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average essential oils export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a measured expansion. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Canada ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Essential Oils Imports

Imports into Algeria

After three years of decline, purchases abroad of essential oils increased by X% to X tons in 2022. Over the period under review, imports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, essential oils imports amounted to $X in 2022. In general, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of essential oils to Algeria, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of essential oils to Algeria.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%.

Import Prices by Country

In 2022, the average essential oils import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Platform

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