Algeria: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Algeria

In 2021, the Algerian unsaturated acyclic hydrocarbons market increased by 5.1% to $X for the first time since 2012, thus ending a eight-year declining trend. In general, consumption, however, recorded a abrupt curtailment. Unsaturated acyclic hydrocarbons consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Algeria

In value terms, unsaturated acyclic hydrocarbons production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt descent. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Algeria

For the tenth consecutive year, Algeria recorded growth in shipments abroad of unsaturated acyclic hydrocarbons, which increased by 241% to X tons in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated acyclic hydrocarbons exports soared to $X in 2021. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Algeria, with a 94% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to the Philippines exceeded the volume sent to the second major destination, Tunisia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Philippines was relatively modest.

In value terms, the Philippines ($X) emerged as the key foreign market for unsaturated acyclic hydrocarbons exports from Algeria, comprising 93% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Philippines was relatively modest.

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, shrinking by -40% against the previous year. Over the period under review, the export price continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2015 when the average export price decreased by -20.1%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (-21.2%).

Unsaturated Acyclic Hydrocarbons Imports

Imports into Algeria

In 2021, purchases abroad of unsaturated acyclic hydrocarbons was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 4,143%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports rose significantly to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 4,154% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to Algeria, with a 67% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The United States (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+47.8% per year) and the United States (+42.4% per year).

In value terms, India ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Algeria, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by the United States, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.3% per year) and the United States (+21.4% per year).

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, approximately equating the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated acyclic hydrocarbons import price increased by +1.1% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 89% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average 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 Belgium ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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