Algeria: Cotton Lint Market 2024

Cotton Lint Market Size in Algeria

The Algerian cotton lint market dropped to $X in 2022, which is down by -9.3% against the previous year. Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cotton Lint Production in Algeria

In value terms, cotton lint production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 14% against the previous year. Cotton lint production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average cotton lint yield in Algeria surged to X kg per ha, with an increase of 17% compared with 2021. Overall, the yield, however, recorded a pronounced descent. The cotton lint yield peaked at X kg per ha in 2018; however, from 2019 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, the total area harvested in terms of cotton lint production in Algeria shrank modestly to X ha, remaining constant against the previous year. The harvested area increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 8.8%. The cotton lint harvested area peaked at X ha in 2021, and then reduced slightly in the following year.

Cotton Lint Exports

Exports from Algeria

Cotton lint exports from Algeria amounted to X tons in 2021, remaining constant against the previous year's figure. Overall, exports enjoyed significant growth. The smallest decline of -1.2% was in 2014. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, cotton lint exports amounted to $X in 2021. Over the period under review, exports posted resilient growth. The smallest decline of -19.9% was in 2013. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Portugal (X tons) was the main destination for cotton lint exports from Algeria, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal was relatively modest.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2021, flattening at the previous year. In general, the export price continues to indicate a significant decrease. The pace of growth was the most pronounced in 2013 a decrease of -18.9% against the previous year. 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 stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Cuba amounted to -18.9% per year.

Cotton Lint Imports

Imports into Algeria

In 2022, the amount of cotton lint imported into Algeria declined slightly to X tons, falling by -2.2% compared with 2021. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 379% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cotton lint imports reduced to $X in 2022. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 317% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Togo (X tons) constituted the largest cotton lint supplier to Algeria, accounting for a 45% share of total imports. Moreover, cotton lint imports from Togo exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold. The third position in this ranking was taken by Mali (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Togo stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+11.3% per year) and Mali (+13.7% per year).

In value terms, Togo ($X) constituted the largest supplier of cotton lint to Algeria, comprising 44% of total imports. The second position in the ranking was held by Greece ($X), with a 13% share of total imports. It was followed by Brazil, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Togo totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+12.3% per year) and Brazil (+10.9% per year).

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, which is down by -11.3% against the previous year. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 30%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Greece ($X per ton), while the price for Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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