Algeria: Maize Market 2024

Maize Market Size in Algeria

The Algerian maize market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Maize Production in Algeria

In value terms, maize production dropped dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded pronounced growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average maize yield in Algeria expanded modestly to X tons per ha, growing by X% compared with the previous year's figure. Overall, the yield enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the average maize yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of maize were harvested in Algeria; which is down by X% against 2021 figures. Over the period under review, the harvested area, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then dropped markedly in the following year.

Maize Exports

Exports from Algeria

In 2022, overseas shipments of maize decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, maize exports dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X tons) was the main destination for maize exports from Algeria, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Niger totaled X%.

In value terms, Niger ($X) also remains the key foreign market for maize exports from Algeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger amounted to X%.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, showed a dramatic shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

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

Maize Imports

Imports into Algeria

In 2022, supplies from abroad of maize was finally on the rise to reach X tons after two years of decline. In general, total imports indicated notable growth from 2012 to 2022: its volume 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, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, maize imports totaled $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of maize to Algeria, accounting for a X% share of total imports. Moreover, maize imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Ukraine (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of maize to Algeria, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and the United States ($X per ton), while the price for Paraguay ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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