Algeria: Preserved Tuna Market 2024

Preserved Tuna Market Size in Algeria

The Algerian preserved tuna market surged to $X in 2021, growing by 32% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.6% against 2019 indices. Preserved tuna consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Tuna Production in Algeria

In value terms, preserved tuna production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.8% against 2019 indices. Preserved tuna production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Tuna Exports

Exports from Algeria

In 2021, shipments abroad of tuna (prepared or preserved) increased by 8.5% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by 221% 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, preserved tuna exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 106% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Jordan (X tons) and Libya (X tons) were the main destinations of preserved tuna exports from Algeria, with a combined 86% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of +11.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved tuna exported from Algeria were Jordan ($X), Saudi Arabia ($X) and Libya ($X), with a combined 85% share of total exports.

Among the main countries of destination, Jordan, with a CAGR of +34.1%, 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 mixed trend patterns.

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, with an increase of 57% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 159% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Saudi Arabia ($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 Jordan (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Algeria

In 2021, purchases abroad of tuna (prepared or preserved) increased by 22% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 48% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved tuna imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 27%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Tajikistan (X tons) were the main suppliers of preserved tuna imports to Algeria, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Tajikistan ($X) constituted the largest preserved tuna suppliers to Algeria, together accounting for 75% of total imports.

China, with a CAGR of +38.7%, recorded the highest growth rate of the value of imports, in terms of 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 preserved tuna import price stood at $X per ton in 2021, declining by -5.5% against the previous year. In general, the import price saw a noticeable slump. The growth pace was the most rapid in 2016 an increase of 8.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for Ecuador ($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 (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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