Algeria: Sugar Crop Market 2024

Sugar Crop Market Size in Algeria

The Algerian sugar crop market totaled $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a significant expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sugar Crop Production in Algeria

In value terms, sugar crop production shrank to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of sugar crops in Algeria skyrocketed to X tons per ha in 2022, rising by X% against 2021 figures. In general, the yield recorded a buoyant increase. The growth pace was the most rapid in 2020 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average sugar crop yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar crops were harvested in Algeria; rising by X% against the previous year. Overall, the harvested area, however, recorded a mild downturn. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports from Algeria

Sugar crop exports from Algeria amounted to X tons in 2022, picking up by X% compared with the previous year's figure. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports plummeted to $X in 2022. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Thailand (X tons), Morocco (X tons) and Turkey (X tons) were the main destinations of sugar crop exports from Algeria, together accounting for X% of total exports.

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

In value terms, Vietnam ($X), Thailand ($X) and Morocco ($X) constituted the largest markets for sugar crop exported from Algeria worldwide, with a combined X% share of total exports.

Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Turkey ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Algeria

Sugar crop imports into Algeria declined notably to X tons in 2022, which is down by X% on 2021. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sugar crop imports declined notably to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of sugar crop to Algeria, accounting for a X% share of total imports. Moreover, sugar crop imports from Portugal exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and Turkey (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of sugar crops to Algeria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Lebanon (X% per year).

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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