Algeria: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Algeria

After two years of decline, the Algerian sauce and seasoning market increased by 15% to $X in 2021. In general, consumption, however, recorded a mild decrease. Sauce and seasoning consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Sauce And Seasoning Production in Algeria

In value terms, sauce and seasoning production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight reduction. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from Algeria

For the third consecutive year, Algeria recorded growth in overseas shipments of sauces and seasonings, which increased by 22% to X tons in 2021. Over the period under review, exports, however, showed a perceptible setback. The growth pace was the most rapid in 2020 with an increase of 342% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sauce and seasoning exports surged to $X in 2021. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 185%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for sauce and seasoning exports from Algeria, with a 76% share of total exports. Moreover, sauce and seasoning exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X tons), more than tenfold. The third position in this ranking was taken by Mauritania (X tons), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+82.2% per year) and Mauritania (-16.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for sauces and seasonings exports from Algeria, comprising 77% of total exports. The second position in the ranking was taken by Kuwait ($X), with an 8.2% share of total exports. It was followed by France, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+101.1% per year) and France (-15.6% per year).

Export Prices by Country

The average sauce and seasoning export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price, however, saw a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Algeria

In 2021, approx. X tons of sauces and seasonings were imported into Algeria; increasing by 31% compared with the year before. In general, imports, however, recorded a dramatic setback. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, sauce and seasoning imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a precipitous curtailment. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of sauce and seasoning to Algeria, with a 27% share of total imports. Moreover, sauce and seasoning imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.2% per year) and Italy (-6.4% per year).

In value terms, the largest sauce and seasoning suppliers to Algeria were Germany ($X), the Netherlands ($X) and the United Arab Emirates ($X), together comprising 40% of total imports. France, China, Spain, Austria, Egypt, Saudi Arabia, the United States, Italy and Belgium lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Austria, with a CAGR of +33.7%, recorded 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

In 2021, the average sauce and seasoning import price amounted to $X per ton, growing by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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