Algeria: Olive Oil Market 2024

Olive Oil Market Size in Algeria

The Algerian olive oil market totaled $X in 2022, approximately equating the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.3% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Olive Oil Production in Algeria

In value terms, olive oil production contracted to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 50%. Olive oil production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Olive Oil Exports

Exports from Algeria

In 2022, overseas shipments of olive oil and its fractions decreased by -6.3% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 288%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, olive oil exports fell to $X in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 248% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

France (X tons) was the main destination for olive oil exports from Algeria, with a 44% share of total exports. Moreover, olive oil exports to France exceeded the volume sent to the second major destination, Canada (X tons), eightfold. Oman (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-1.1% per year) and Oman (+22.8% per year).

In value terms, France ($X) remains the key foreign market for olive oil and its fractions exports from Algeria, comprising 44% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.8% share of total exports. It was followed by Saudi Arabia, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.9% per year) and Saudi Arabia (-9.6% per year).

Export Prices by Country

In 2022, the average olive oil export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price, however, showed a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($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 Canada (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Olive Oil Imports

Imports into Algeria

In 2022, olive oil imports into Algeria skyrocketed to X tons, picking up by 25% against the previous year's figure. In general, imports, however, showed a slight shrinkage. The growth pace was the most rapid in 2020 when imports increased by 237%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, olive oil imports expanded rapidly to $X in 2022. Overall, imports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of 154% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of olive oil imports to Algeria, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +26.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of olive oil and its fractions to Algeria, comprising 43% of total imports. The second position in the ranking was held by Turkey ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.0% per year) and Italy (-7.0% per year).

Import Prices by Country

In 2022, the average olive oil import price amounted to $X per ton, waning by -12.2% against the previous year. Overall, the import price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 52% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+248.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform