Algeria: Chocolate Market 2024

Chocolate Market Size in Algeria

The Algerian chocolate market totaled $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 -0.6% against 2020 indices. Chocolate consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Chocolate Production in Algeria

In value terms, chocolate production reached $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 -0.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Chocolate Exports

Exports from Algeria

In 2022, approx. X tons of chocolate and cocoa products were exported from Algeria; which is down by -14.1% against the previous year's figure. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 463% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, chocolate exports declined to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 483%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Libya (X tons), Morocco (X tons) and Oman (X tons) were the main destinations of chocolate exports from Algeria, together comprising 60% 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 +158.0%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Libya ($X) and Oman ($X) appeared to be the largest markets for chocolate exported from Algeria worldwide, with a combined 67% share of total exports.

Among the main countries of destination, Morocco, with a CAGR of +205.0%, saw the highest rates of growth with regard to 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

The average chocolate export price stood at $X per ton in 2022, flattening at the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chocolate export price increased by +89.2% against 2015 indices. The growth pace was the most rapid in 2017 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined slightly in the following year.

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 Angola ($X per ton), while the average price for exports to Yemen ($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 Iraq (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Algeria

Chocolate imports into Algeria totaled X tons in 2022, almost unchanged from 2021 figures. Overall, imports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2019 when imports increased by 155%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, chocolate imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 when imports increased by 115%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of chocolate imports to Algeria, with a combined 62% share of total imports. Turkey, the Netherlands, Germany, Egypt, Poland, Belgium and Hungary lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +37.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Italy ($X) appeared to be the largest chocolate suppliers to Algeria, together accounting for 58% of total imports. Germany, Turkey, Egypt, Hungary, the Netherlands, Poland and Belgium lagged somewhat behind, together accounting for a further 29%.

Hungary, with a CAGR of +53.8%, saw the highest rates of growth with regard to 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

The average chocolate import price stood at $X per ton in 2022, dropping by -10.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 26%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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