
Algeria - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights
Algeria: Maize Market 2023
Maize Market Size in Algeria
The Algerian maize market contracted dramatically to $X in 2021, with a decrease of -94.1% against the previous year. Overall, consumption saw a dramatic descent. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.
Maize Production in Algeria
In value terms, maize production amounted to $X in 2021 estimated in export price. Overall, production recorded a mild contraction. The growth pace was the most rapid in 2017 when the production volume increased by 11% against the previous year. Maize production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Maize Exports
Exports from Algeria
In 2021, shipments abroad of maize (green) was finally on the rise to reach X tons after two years of decline. In general, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 62% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.
In value terms, maize exports rose slightly to $X in 2021. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2018 when exports increased by 55% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
Italy (X tons) was the main destination for maize exports from Algeria, with a approx. 99% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +2.8%.
In value terms, Italy ($X) also remains the key foreign market for maize exports from Algeria.
From 2012 to 2021, the average annual growth rate of value to Italy totaled -7.6%.
Export Prices by Country
The average maize export price stood at $X per ton in 2021, with a decrease of -35.3% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to -10.1% per year.
Maize Imports
Imports into Algeria
In 2021, supplies from abroad of maize (green) decreased by 0% to X tons, falling for the fifth year in a row after five years of growth. Over the period under review, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 907% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.
In value terms, maize imports stood at $X in 2021. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2014 when imports increased by 841% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Spain (X tons) was the main maize supplier to Algeria, accounting for a approx. 100% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Spain stood at -25.6%.
In value terms, Spain ($X) constituted the largest supplier of maize to Algeria.
From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -29.2%.
Import Prices by Country
The average maize import price stood at $X per ton in 2021, leveling off at the previous year. In general, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 12%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -4.8% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the maize market in Algeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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