Algeria: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Algeria

In 2023, after two years of growth, there was significant decline in the Algerian frozen fish fillet market, when its value decreased by X% to $X. In general, consumption showed a noticeable reduction. Frozen fish fillet consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Frozen Fish Fillet Production in Algeria

In value terms, frozen fish fillet production rose modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X,800%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Frozen Fish Fillet Exports

Exports from Algeria

After three years of decline, overseas shipments of frozen fish fillet increased by X% to X tons in 2023. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, frozen fish fillet exports skyrocketed to $X in 2023. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen fish fillet exports from Algeria, accounting for a X% share of total exports. Moreover, frozen fish fillet exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Japan amounted to X%.

In value terms, Japan ($X) remains the key foreign market for frozen fish fillet exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Japan stood at X%.

Export Prices by Country

In 2023, the average frozen fish fillet export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%).

Frozen Fish Fillet Imports

Imports into Algeria

In 2023, the amount of frozen fish fillet imported into Algeria shrank sharply to X tons, falling by X% on 2022 figures. Overall, imports saw a deep slump. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, frozen fish fillet imports reduced sharply to $X in 2023. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of frozen fish fillet imports to Algeria, with a combined X% share of total imports. Cabo Verde, Peru, India and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Cabo Verde (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X) constituted the largest supplier of frozen fish fillet to Algeria, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Vietnam was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish fillet import price increased by X% against 2021 indices. The growth pace was the most rapid in 2019 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. From 2020 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform