Algeria: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Algeria

The Algerian market for frozen, dried and smoked fish contracted modestly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Frozen, Dried And Smoked Fish in Algeria

In value terms, frozen, dried and smoked fish production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Algeria

Frozen, dried and smoked fish exports from Algeria reduced sharply to X tons in 2022, which is down by X% compared with the year before. Over the period under review, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, frozen, dried and smoked fish exports shrank dramatically to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen, dried and smoked fish exports from Algeria, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. Nigeria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Nigeria (X% per year).

In value terms, Japan ($X), Spain ($X) and South Korea ($X) were the largest markets for frozen, dried and smoked fish exported from Algeria worldwide, with a combined X% share of total exports.

Among the main countries of destination, Japan, with a CAGR of X%, recorded the highest growth rate of 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 export price for frozen, dried and smoked fish stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Japan ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Algeria

In 2022, supplies from abroad of frozen, dried and smoked fish was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, continue to indicate a pronounced slump. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Morocco (X tons) and Vietnam (X tons) were the main suppliers of frozen, dried and smoked fish imports to Algeria, with a combined X% share of total imports. Tajikistan, China, Spain, Tunisia, Indonesia, Seychelles and Argentina lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest frozen, dried and smoked fish suppliers to Algeria were China ($X), Vietnam ($X) and Tajikistan ($X), together comprising X% of total imports. India, Indonesia, Morocco, Spain, Tunisia, Seychelles and Argentina lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 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 China ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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