Algeria: Essential Oils Market 2024

Essential Oils Market Size in Algeria

The Algerian essential oils market declined to $X in 2022, which is down by -9.9% against the previous year. In general, consumption continues to indicate a noticeable slump. Essential oils consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Essential Oils Production in Algeria

In value terms, essential oils production amounted to $X in 2022 estimated in export price. In general, production, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Essential Oils Exports

Exports from Algeria

In 2022, after two years of growth, there was significant decline in overseas shipments of essential oils, when their volume decreased by -78.8% to X kg. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 801%. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, essential oils exports dropped markedly to $X in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 587% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

France (X kg) was the main destination for essential oils exports from Algeria, with a 49% share of total exports. It was followed by Spain (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at -7.3%.

In value terms, France ($X) remains the key foreign market for essential oils exports from Algeria, comprising 49% of total exports. The second position in the ranking was held by Spain ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

The average essential oils export price stood at $X per ton in 2022, reducing by -42.9% against the previous year. Overall, the export price saw a pronounced decrease. The growth pace was the most rapid in 2019 when the average export price increased by 89%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Imports

Imports into Algeria

In 2022, supplies from abroad of essential oils decreased by -50% to X tons, falling for the third year in a row after three years of growth. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 79%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, essential oils imports shrank dramatically to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 51% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of essential oils imports to Algeria, together comprising 43% of total imports. Turkey, Italy, the Netherlands, the UK, China and Egypt lagged somewhat behind, together accounting for a further 4.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +122.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest essential oils suppliers to Algeria were France ($X), Spain ($X) and Germany ($X), with a combined 42% share of total imports. Turkey, Italy, the Netherlands, the UK, China and Egypt lagged somewhat behind, together comprising a further 5.9%.

Turkey, with a CAGR of +161.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average essential oils import price amounted to $X per ton, picking up by 44% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, essential oils import price increased by +126.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45%. The import price peaked in 2022 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 ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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