Algeria: Honey Market 2024

Honey Market Size in Algeria

The Algerian honey market reduced to $X in 2022, declining by -2.9% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Honey Production in Algeria

In value terms, honey production fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 21% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Honey Exports

Exports from Algeria

In 2022, after two years of decline, there was significant growth in shipments abroad of honey, when their volume increased by 11% to X kg. Overall, exports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2018 with an increase of 312% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, honey exports rose to $X in 2022. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 115%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for honey exports from Algeria, accounting for a 90% share of total exports. Moreover, honey exports to Saudi Arabia exceeded the volume sent to the second major destination, Niger (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+7.7% per year) and the United Arab Emirates (-2.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for honey exports from Algeria, comprising 81% of total exports. The second position in the ranking was taken by Qatar ($X), with a 6.6% share of total exports. It was followed by the United Arab Emirates, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-32.2% per year) and the United Arab Emirates (-6.9% per year).

Export Prices by Country

In 2022, the average honey export price amounted to $X per ton, shrinking by -6.6% against the previous year. Overall, the export price faced a drastic downturn. The growth pace was the most rapid in 2017 an increase of 27%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Niger ($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 Qatar (+3.3%), while the prices for the other major destinations experienced a decline.

Honey Imports

Imports into Algeria

In 2022, purchases abroad of honey was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a measured increase. The most prominent rate of growth was recorded in 2019 when imports increased by 460% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, honey imports expanded rapidly to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 444%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest honey supplier to Algeria, with a 70% share of total imports. Moreover, honey imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.3% per year) and France (+49.9% per year).

In value terms, Saudi Arabia ($X), Spain ($X) and Germany ($X) appeared to be the largest honey suppliers to Algeria, with a combined 78% share of total imports. These countries were followed by France, which accounted for a further 3.1%.

Among the main suppliers, France, with a CAGR of +42.7%, saw the highest growth rate of 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 honey import price stood at $X per ton in 2022, rising by 6.4% against the previous year. In general, the import price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of 35% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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