Report Update Nov 1, 2024

Algeria - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends and Insights

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Algeria: Crude Oil Market 2024

Crude Oil Market Size in Algeria

The Algerian crude oil market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Crude Oil Production in Algeria

In value terms, crude oil production declined to $X in 2022 estimated in export price. Over the period under review, production showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Crude oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crude Oil Exports

Exports from Algeria

In 2022, exports of crude petroleum oil from Algeria declined to X tons, reducing by -10.8% against the previous year's figure. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, crude oil exports reduced rapidly to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 55%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for crude oil exports from Algeria, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at -8.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for crude petroleum oil exports from Algeria.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled -14.7%.

Export Prices by Country

The average crude oil export price stood at $X per ton in 2022, with a decrease of -7.7% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -7.1% per year.

Crude Oil Imports

Imports into Algeria

In 2016, imports of crude petroleum oil into Algeria plummeted to X tons, which is down by -58.8% compared with the previous year's figure. Overall, imports continue to indicate a precipitous shrinkage. Over the period under review, imports hit record highs at X tons in 2015, and then plummeted in the following year.

In value terms, crude oil imports fell notably to $X in 2016. In general, imports saw a dramatic decline. Over the period under review, imports attained the maximum at $X in 2015, and then dropped remarkably in the following year.

Imports by Country

Portugal (X tons), the Netherlands (X tons) and Greece (X tons) were the main suppliers of crude oil imports to Algeria, together accounting for 99.9% of total imports.

From 2015 to 2016, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the Netherlands ($X) and Greece ($X) were the largest crude oil suppliers to Algeria, with a combined 100% share of total imports.

The Netherlands, with a CAGR of 0.0%, saw 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 more modest paces of growth.

Import Prices by Country

In 2016, the average crude oil import price amounted to $X per ton, reducing by -42.6% against the previous year. Over the period under review, the import price faced a dramatic descent. Over the period under review, average import prices hit record highs at $X per ton in 2015, and then contracted markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2015 to 2016, the most notable rate of growth in terms of prices was attained by the Netherlands (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude petroleum oil in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, with a combined 45% share of global consumption. These countries were followed by India, Saudi Arabia, South Korea, Japan, Brazil, Canada, Israel, Germany, the Netherlands and Thailand, which together accounted for a further 28%.

What are the largest producers of crude petroleum oil in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and Saudi Arabia, together comprising 42% of global production.

What are the leading suppliers of crude petroleum oil to Algeria?

In value terms, Portugal, the Netherlands and Greece were the largest crude oil suppliers to Algeria, with a combined 100% share of total imports.

What are the leading importers of crude petroleum oil from Algeria?

In value terms, the United Arab Emirates remains the key foreign market for crude oil exports from Algeria.

What is the average export price for crude petroleum oil in Algeria?

In 2021, the average crude oil export price amounted to $459 per ton, growing by 21% against the previous year.

What is the average import price for crude petroleum oil in Algeria?

In 2016, the average crude oil import price amounted to $589 per ton, which is down by -42.5% against the previous year.

This report provides an in-depth analysis of the crude oil market in Algeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Algeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Algeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023