Algeria: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Algeria

The Algerian market for coconut, abaca, ramie and other vegetable textile fibres reduced to $X in 2022, falling by -10.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth 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, consumption increased by +13.7% against 2020 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Algeria

Exports of coconut, abaca, ramie and other vegetable textile fibres from Algeria soared to X tons in 2022, rising by 38% against the previous year. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 60%. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres soared to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 71%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Algeria, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +11.1%.

In value terms, Spain ($X) also remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Algeria.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +12.7%.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2019 an increase of 6.9%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +1.5% per year.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Algeria

In 2022, imports of coconut, abaca, ramie and other vegetable textile fibres into Algeria fell to X tons, reducing by -4.3% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell to $X in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest coconut, abaca, ramie and other vegetable textile fibre supplier to Algeria, with a 86% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was held by Sri Lanka (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.3% per year) and Sri Lanka (-15.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to Algeria, comprising 82% of total imports. The second position in the ranking was held by Spain ($X), with a 6% share of total imports. It was followed by Kenya, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.6% per year) and Kenya (+6.3% per year).

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, falling by -6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Kenya ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform