Algeria: Frozen Fish Market 2024

Frozen Fish Market Size in Algeria

The Algerian frozen fish market soared to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Frozen Fish Production in Algeria

In value terms, frozen fish production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a significant expansion. Frozen fish production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Frozen Fish Exports

Exports from Algeria

In 2022, approx. X tons of frozen fish were exported from Algeria; shrinking by X% on 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports contracted significantly to $X in 2022. Over the period under review, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Nigeria (X% per year).

In value terms, the largest markets for frozen fish exported from Algeria were Japan ($X), South Korea ($X) and Nigeria ($X), together comprising X% of total exports.

Japan, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Japan ($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 Nigeria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Imports

Imports into Algeria

In 2022, purchases abroad of frozen fish was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, frozen fish imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Morocco (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to Algeria, together accounting for X% of total imports. Tajikistan, Indonesia, Spain, Tunisia, China, Seychelles, Peru, Argentina and Yemen lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Tajikistan ($X) and China ($X) were the largest frozen fish suppliers to Algeria, together accounting for X% of total imports. Indonesia, India, Morocco, Spain, Tunisia, Seychelles, Peru, Argentina and Yemen lagged somewhat behind, together accounting for a further X%.

Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Morocco ($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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