Algeria: Refined Olive Oil Market 2025

Refined Olive Oil Market Size in Algeria

The Algerian refined olive oil market totaled $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Refined Olive Oil Production in Algeria

In value terms, refined olive oil production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Refined Olive Oil Exports

Exports from Algeria

In 2022, after four years of growth, there was significant decline in overseas shipments of refined olive oil, when their volume decreased by -35% to X tons. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 342% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced sharply in the following year.

In value terms, refined olive oil exports contracted dramatically to $X in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 490% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

France (X tons), Canada (X tons) and the United States (X tons) were the main destinations of refined olive oil exports from Algeria, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +42.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Canada ($X) and the United States ($X) were the largest markets for refined olive oil exported from Algeria worldwide, together accounting for 99% of total exports.

Among the main countries of destination, Canada, with a CAGR of +44.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined olive oil export price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 65%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mali ($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 Canada (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Olive Oil Imports

Imports into Algeria

In 2022, approx. X tons of refined olive oil were imported into Algeria; which is down by -69.2% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 118%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, refined olive oil imports reduced remarkably to $X in 2022. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 316%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X tons) constituted the largest refined olive oil supplier to Algeria, accounting for a 79% share of total imports. Moreover, refined olive oil imports from Egypt exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X tons), eightfold. Tunisia (X kg) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (+14.0% per year) and Tunisia (-19.5% per year).

In value terms, France ($X), Egypt ($X) and Syrian Arab Republic ($X) appeared to be the largest refined olive oil suppliers to Algeria, with a combined 61% share of total imports.

Among the main suppliers, Syrian Arab Republic, with a CAGR of +26.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average refined olive oil import price amounted to $X per ton, rising by 101% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+42.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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