Algeria: Maize Market 2024

Maize Market Size in Algeria

After two years of decline, the Algerian maize market increased by 6.6% to $X in 2022. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Maize Production in Algeria

In value terms, maize production shrank rapidly to $X in 2022 estimated in export price. Overall, production, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2018 with an increase of 119%. Maize production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of maize in Algeria rose modestly to X tons per ha in 2022, with an increase of 2.4% on 2021. Overall, the yield posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 74% against the previous year. Over the period under review, the average maize yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of maize in Algeria dropped sharply to X ha, with a decrease of -42.7% against 2021. Overall, the harvested area, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 580% against the previous year. As a result, the harvested area attained the peak level of X ha, and then fell markedly in the following year.

Maize Exports

Exports from Algeria

In 2022, overseas shipments of maize decreased by -24.8% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,067%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize exports reduced sharply to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,417% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X tons) was the main destination for maize exports from Algeria, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to +41.5%.

In value terms, Niger ($X) also remains the key foreign market for maize exports from Algeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger stood at +7.9%.

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a sharp reduction. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -23.7% per year.

Maize Imports

Imports into Algeria

In 2022, supplies from abroad of maize was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30% 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, maize imports reached $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest maize supplier to Algeria, with a 69% share of total imports. Moreover, maize imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+16.6% per year) and Ukraine (-1.3% per year).

In value terms, Argentina ($X) constituted the largest supplier of maize to Algeria, comprising 68% of total imports. The second position in the ranking was held by Brazil ($X), with a 21% share of total imports. It was followed by Ukraine, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+12.8% per year) and Ukraine (-4.1% per year).

Import Prices by Country

The average maize import price stood at $X per ton in 2022, waning by -13.5% against the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and the United States ($X per ton), while the price for Paraguay ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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