Algeria: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Algeria

The Algerian chocolate bar with filling market was estimated at $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Chocolate bar with filling consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Chocolate Bars With Fillings in Algeria

In value terms, chocolate bar with filling production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.5% against 2014 indices. The growth pace was the most rapid in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell slightly in the following year.

Exports of Chocolate Bars With Fillings

Exports from Algeria

After two years of decline, shipments abroad of chocolate bars with fillings increased by 61% to X tons in 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 524%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 448% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons), Morocco (X tons) and Senegal (X tons) were the main destinations of chocolate bar with filling exports from Algeria, together comprising 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +349.5%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Morocco ($X) and Angola ($X) appeared to be the largest markets for chocolate bar with filling exported from Algeria worldwide, with a combined 66% share of total exports.

Oman, with a CAGR of +349.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, picking up by 32% against the previous year. Overall, the export price, however, showed a noticeable decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Algeria

In 2021, overseas purchases of chocolate bars with fillings increased by 168% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, chocolate bar with filling imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of chocolate bar with filling imports to Algeria, with a combined 35% share of total imports. These countries were followed by Spain, Germany, Tunisia, Turkey, Russia and Poland, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of chocolate bars with fillings to Algeria, comprising 20% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 7.2% share of total imports. It was followed by Italy, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.2% per year) and Italy (-14.2% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, picking up by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 26%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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