Algeria: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Algeria

The Algerian odoriferous substance mixture market reached $X in 2022, picking up by 6.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a prominent increase. Odoriferous substance mixture consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Algeria

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Algeria shrank notably to X tons, waning by -44% on 2021. Overall, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 777%. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, odoriferous substance mixture exports reduced sharply to $X in 2022. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 665%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

France (X tons) was the main destination for odoriferous substance mixture exports from Algeria, accounting for a 73% share of total exports. Moreover, odoriferous substance mixture exports to France exceeded the volume sent to the second major destination, Mali (X tons), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+16.7% per year) and the United Arab Emirates (-21.0% per year).

In value terms, the largest markets for odoriferous substance mixture exported from Algeria were France ($X), Mali ($X) and Canada ($X), with a combined 83% share of total exports.

In terms of the main countries of destination, Mali, with a CAGR of +19.9%, recorded the highest rates of growth with regard to 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

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the average price for exports to Niger ($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 the Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Algeria

Odoriferous substance mixture imports into Algeria rose rapidly to X tons in 2022, growing by 5.4% against the year before. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 94%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports amounted to $X in 2022. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2019 with an increase of 61% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of odoriferous substance mixture to Algeria, accounting for a 44% share of total imports. Moreover, odoriferous substance mixture imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.1% per year) and the Netherlands (+22.6% per year).

In value terms, France ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Algeria, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Switzerland, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.9% per year) and Switzerland (+13.2% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, standing approx. at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Switzerland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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