Algeria: Sugar Crop Market 2024

Sugar Crop Market Size in Algeria

The Algerian sugar crop market shrank markedly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate tangible growth. Sugar crop consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Algeria

In value terms, sugar crop production reduced to $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The average yield of sugar crops in Algeria expanded to X tons per ha in 2022, surging by X% on the previous year's figure. Over the period under review, the yield indicated a tangible increase from 2012 to 2022: its figure 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, sugar crop yield increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the average sugar crop yield hit record highs at X tons per ha in 2017; however, from 2018 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 sugar crops were harvested in Algeria; with an increase of X% on the previous year. Overall, the harvested area, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Algeria

Sugar crop exports from Algeria dropped modestly to X tons in 2022, almost unchanged from 2021. Overall, exports, however, showed a measured increase. The most prominent rate of growth was recorded in 2020 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, sugar crop exports reduced slightly to $X in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Thailand (X tons), Morocco (X tons) and Turkey (X tons) were the main destinations of sugar crop exports from Algeria, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar crop exported from Algeria were Thailand ($X), Vietnam ($X) and Morocco ($X), together comprising X% of total exports.

In terms of the main countries of destination, Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 sugar crop export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Turkey ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Algeria

In 2022, approx. X tons of sugar crops were imported into Algeria; declining by X% on the previous year. Over the period under review, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports contracted notably to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, Portugal (X tons) was the main supplier of sugar crop to Algeria, accounting for a X% share of total imports. Moreover, sugar crop imports from Portugal exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), more than tenfold.

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

In value terms, Portugal ($X) constituted the largest supplier of sugar crops to Algeria, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, waning by X% against the previous year. In general, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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