Algeria: Virgin Olive Oil Market 2024

Virgin Olive Oil Market Size in Algeria

The Algerian virgin olive oil market amounted to $X in 2022, almost unchanged from the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Virgin Olive Oil Production in Algeria

In value terms, virgin olive oil production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Virgin olive oil production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Virgin Olive Oil Exports

Exports from Algeria

In 2022, after two years of growth, there was significant decline in shipments abroad of virgin olive oil, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, virgin olive oil exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Oman (X tons) was the main destination for virgin olive oil exports from Algeria, accounting for a X% share of total exports. Moreover, virgin olive oil exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold.

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

In value terms, Oman ($X) remains the key foreign market for virgin olive oil exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average virgin olive oil export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Virgin Olive Oil Imports

Imports into Algeria

In 2022, approx. X tons of virgin olive oil were imported into Algeria; picking up by X% on the year before. Overall, imports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, virgin olive oil imports rose rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of virgin olive oil imports to Algeria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of virgin olive oil to Algeria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average virgin olive oil import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a slight setback. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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