Algeria: Canned Vegetable Market 2024

Canned Vegetable Market Size in Algeria

The Algerian canned vegetable market declined slightly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Canned Vegetable Production in Algeria

In value terms, canned vegetable production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 61%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Canned Vegetable Exports

Exports from Algeria

In 2022, after five years of growth, there was significant decline in shipments abroad of canned vegetables, when their volume decreased by -44.3% to X tons. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 901% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted dramatically in the following year.

In value terms, canned vegetable exports fell notably to $X in 2022. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 885%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

France (X tons) was the main destination for canned vegetable exports from Algeria, accounting for a 44% share of total exports. Moreover, canned vegetable exports to France exceeded the volume sent to the second major destination, Canada (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to France totaled +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+16.7% per year) and India (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for canned vegetables exports from Algeria, comprising 40% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+17.2% per year) and India (0.0% per year).

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, shrinking by -15.5% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to France ($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 Qatar (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Algeria

Canned vegetable imports into Algeria fell notably to X tons in 2022, with a decrease of -31.4% compared with 2021 figures. Over the period under review, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 57%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, canned vegetable imports shrank significantly to $X in 2022. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by 71%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Hungary (X tons) were the main suppliers of canned vegetable imports to Algeria, together comprising 54% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +273.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hungary ($X) and Egypt ($X) appeared to be the largest canned vegetable suppliers to Algeria, with a combined 52% share of total imports.

Hungary, with a CAGR of +287.5%, recorded the highest growth rate of 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

In 2022, the average canned vegetable import price amounted to $X per ton, falling by -13.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 17%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Egypt ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :