Algeria: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Algeria

In 2021, the Algerian market for palmitic acid, stearic acid, their salts and esters decreased by -0.6% to $X, falling for the third consecutive year after three years of growth. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.6% against 2018 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Algeria

Exports of palmitic acid, stearic acid, their salts and esters from Algeria totaled X kg in 2021, almost unchanged from 2020. Overall, exports recorded a sharp slump. The smallest decline of -20% was in 2013. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of palmitic acid, stearic acid, their salts and esters stood at $X in 2021. Over the period under review, exports recorded a significant curtailment. The smallest decline of -20% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X kg) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Algeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, leveling off at the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 an increase of less than 0.1%. The export price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Algeria

In 2021, imports of palmitic acid, stearic acid, their salts and esters into Algeria expanded remarkably to X tons, increasing by 6% compared with 2020 figures. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 100%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters dropped slightly to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.4% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 128% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X tons) and Indonesia (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Algeria, together accounting for 54% of total imports. These countries were followed by Austria, France, Turkey, Denmark, the Netherlands and Malaysia, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +129.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and France ($X) were the largest palmitic acid, stearic acid, their salts and esters suppliers to Algeria, with a combined 45% share of total imports. These countries were followed by China, Austria, Turkey, Denmark, Indonesia and Malaysia, which together accounted for a further 35%.

Among the main suppliers, Austria, with a CAGR of +80.7%, saw the highest rates of growth with regard to 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 import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, reducing by -8.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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