Algeria: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Algeria

The Algerian preparations for animal feeding market shrank to $X in 2022, waning by -5.9% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Preparations Used In Animal Feeding in Algeria

In value terms, preparations for animal feeding production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate slight growth. The growth pace was the most rapid in 2013 when the production volume increased by 177%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Algeria

In 2022, exports of preparations used in animal feeding from Algeria declined to X tons, waning by -11.1% compared with the previous year's figure. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 703%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, preparations for animal feeding exports expanded significantly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 625%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for preparations for animal feeding exports from Algeria, accounting for a 86% share of total exports. Moreover, preparations for animal feeding exports to Thailand exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+51.1% per year) and Italy (+71.6% per year).

In value terms, Thailand ($X) remains the key foreign market for preparations used in animal feeding exports from Algeria, comprising 68% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Thailand totaled +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+99.1% per year) and South Korea (+47.6% per year).

Export Prices by Country

In 2022, the average preparations for animal feeding export price amounted to $X per ton, jumping by 27% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the average price for exports to Thailand ($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 Italy (+16.0%), while the prices for the other major destinations experienced a decline.

Imports of Preparations Used In Animal Feeding

Imports into Algeria

In 2022, supplies from abroad of preparations used in animal feeding 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, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 58%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, preparations for animal feeding imports soared to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 -9.7% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 50% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), France (X tons) and Spain (X tons) were the main suppliers of preparations for animal feeding imports to Algeria, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding suppliers to Algeria were Italy ($X), France ($X) and Belgium ($X), together accounting for 66% of total imports. The United States, Spain, Germany and the Netherlands lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, the United States, with a CAGR of +41.3%, saw the highest growth rate of 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 preparations for animal feeding import price stood at $X per ton in 2022, growing by 25% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding import price increased by +83.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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