Algeria: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Algeria

In 2021, after two years of decline, there was significant growth in the Algerian market for protein concentrates and flavoured or coloured sugar syrups, when its value increased by 17% to $X. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 -13.5% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Algeria

In value terms, production of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 31% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Algeria

For the sixth consecutive year, Algeria recorded growth in shipments abroad of protein concentrates and flavoured or coloured sugar syrups, which increased by 259% to X tons in 2021. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by 492%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 406% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tons), Canada (X kg) and Switzerland (X kg) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Algeria, with a combined 29% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +375.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Algeria, comprising 41% of total exports. The second position in the ranking was held by Canada ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France amounted to +60.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+77.0% per year) and Switzerland (+106.6% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, waning by -64.6% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 511% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 Canada (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Algeria

In 2021, overseas purchases of protein concentrates and flavoured or coloured sugar syrups increased by 152% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Algeria, together comprising 38% of total imports. These countries were followed by the United States, Romania, Hungary, France and Canada, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +78.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Hungary ($X) constituted the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Algeria, with a combined 32% share of total imports.

Hungary, with a CAGR of +98.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, jumping by 50% against the previous year. Overall, the import price saw a prominent expansion. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Canada ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+44.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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