Algeria: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Algeria

The Algerian frozen fish and seafood market totaled $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, 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 Fish And Seafood in Algeria

In value terms, frozen fish and seafood production shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed prominent growth. 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 attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Algeria

In 2022, overseas shipments of frozen fish and seafood decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, frozen fish and seafood exports dropped notably to $X in 2022. Over the period under review, exports, however, continue to indicate a modest increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then plummeted in the following year.

Exports by Country

Spain (X tons) was the main destination for frozen fish and seafood exports from Algeria, accounting for a X% share of total exports. Moreover, frozen fish and seafood exports to Spain exceeded the volume sent to the second major destination, Japan (X tons), fourfold. South Korea (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 Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen fish and seafood exports from Algeria, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

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

Export Prices by Country

In 2022, the average frozen fish and seafood export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Tunisia ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Fish And Seafood

Imports into Algeria

In 2022, purchases abroad of frozen fish and seafood increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, frozen fish and seafood imports expanded remarkably to $X in 2022. Overall, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Spain (X tons) were the main suppliers of frozen fish and seafood imports to Algeria, together comprising X% of total imports. Vietnam, Tunisia, Portugal, Indonesia and Argentina lagged somewhat behind, together comprising a further X%.

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

In value terms, India ($X), China ($X) and Vietnam ($X) appeared to be the largest frozen fish and seafood suppliers to Algeria, together comprising X% of total imports. Spain, Indonesia, Tunisia, Portugal and Argentina lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 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 China ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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