Algeria: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Algeria

The Algerian margarine and shortening market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, showed a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Margarine And Shortening Production in Algeria

In value terms, margarine and shortening production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Margarine and shortening production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Margarine And Shortening Exports

Exports from Algeria

In 2022, overseas shipments of margarine and shortening 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, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, margarine and shortening exports reduced to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Libya (X tons), France (X tons) and Kuwait (X tons) were the main destinations of margarine and shortening exports from Algeria, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Libya (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for margarine and shortening exported from Algeria were Libya ($X), France ($X) and Kuwait ($X), together comprising X% of total exports. Suriname, Mauritania and Spain lagged somewhat behind, together accounting for a further X%.

Suriname, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average margarine and shortening export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Suriname ($X per ton), while the average price for exports to Mauritania ($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 Suriname (X%), while the prices for the other major destinations experienced a decline.

Margarine And Shortening Imports

Imports into Algeria

In 2022, imports of margarine and shortening into Algeria reduced to X tons, declining by X% against the year before. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, margarine and shortening imports dropped to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest margarine and shortening supplier to Algeria, with a X% share of total imports. Moreover, margarine and shortening imports from Indonesia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Malaysia (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 Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Malaysia (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of margarine and shortening to Algeria, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average margarine and shortening import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tunisia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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