Algeria: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Algeria

After three years of growth, the Algerian industrial monocarboxylic fatty acids market decreased by -5.3% to $X in 2021. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Industrial Monocarboxylic Fatty Acids in Algeria

In value terms, industrial monocarboxylic fatty acids production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Algeria

In 2021, overseas shipments of industrial monocarboxylic fatty acids were finally on the rise to reach X tons after four years of decline. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 99% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. In general, exports, however, saw a deep reduction. The growth pace was the most rapid in 2016 with an increase of 98% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), the Netherlands (X tons) and India (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Algeria, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +93.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and India ($X) constituted the largest markets for industrial monocarboxylic fatty acids exported from Algeria worldwide, with a combined 97% share of total exports.

China, with a CAGR of +67.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 22%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and China ($X per ton), while the average price for exports to India ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.3%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Algeria

Industrial monocarboxylic fatty acids imports into Algeria surged to X tons in 2021, rising by 130% on 2020 figures. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. Overall, imports, however, showed a noticeable slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to Algeria, with a 22% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Malaysia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.3% per year) and Belgium (-1.4% per year).

In value terms, the largest industrial monocarboxylic fatty acids suppliers to Algeria were Malaysia ($X), Germany ($X) and Belgium ($X), together accounting for 35% of total imports.

Malaysia, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price decreased by -32.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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