Algeria: Refined Palm Oil Market 2024

Refined Palm Oil Market Size in Algeria

The Algerian refined palm oil market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated moderate growth 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 increased by X% against 2020 indices. Refined palm oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Refined Palm Oil Production in Algeria

In value terms, refined palm oil production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a mild 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 increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Refined Palm Oil Exports

Exports from Algeria

In 2022, shipments abroad of refined palm oil decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, refined palm oil exports dropped notably to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then shrank notably in the following year.

Exports by Country

Niger (X tons) was the main destination for refined palm oil exports from Algeria, accounting for a X% share of total exports. Moreover, refined palm oil exports to Niger exceeded the volume sent to the second major destination, Mali (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Niger stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and France (X% per year).

In value terms, Niger ($X) remains the key foreign market for refined palm oil exports from Algeria, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Niger totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average refined palm oil export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the average price for exports to Niger ($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 Niger (X%).

Refined Palm Oil Imports

Imports into Algeria

Refined palm oil imports into Algeria dropped to X tons in 2022, which is down by X% on the previous year. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, refined palm oil imports contracted sharply to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, Indonesia (X tons) was the main supplier of refined palm oil to Algeria, with a X% share of total imports. Moreover, refined palm oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

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

In value terms, Indonesia ($X) constituted the largest supplier of refined palm oil to Algeria, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled X%.

Import Prices by Country

The average refined palm oil import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform

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