Algeria: Wool Market 2024

Wool Market Size in Algeria

In 2022, the Algerian wool market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wool Production in Algeria

In value terms, wool production reduced to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The growth pace was the most rapid in 2018 when the production volume increased by 53% against the previous year. Wool production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wool Exports

Exports from Algeria

In 2022, the amount of wool exported from Algeria declined notably to X tons, reducing by -26.9% compared with 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 284%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wool exports contracted sharply to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2018 when exports increased by 217%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for wool exports from Algeria, with a 72% share of total exports. Moreover, wool exports to China exceeded the volume sent to the second major destination, India (X tons), sixfold. The third position in this ranking was taken by Belgium (X tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +110.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+64.7% per year) and Belgium (+63.6% per year).

In value terms, China ($X) remains the key foreign market for wool exports from Algeria, comprising 77% of total exports. The second position in the ranking was taken by India ($X), with an 8.7% share of total exports. It was followed by Belgium, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +84.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+52.9% per year) and Belgium (+50.9% per year).

Export Prices by Country

The average wool export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 20%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($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 Germany (+55.1%), while the prices for the other major destinations experienced a decline.

Wool Imports

Imports into Algeria

In 2022, overseas purchases of wool decreased by -1.9% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 61%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, wool imports reduced to $X in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest wool supplier to Algeria, with a 82% share of total imports. Moreover, wool imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +13.6%.

In value terms, France ($X) constituted the largest supplier of wool to Algeria, comprising 89% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France stood at +11.5%.

Import Prices by Country

In 2022, the average wool import price amounted to $X per ton, with a decrease of -3.5% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool import price increased by +12.1% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 59% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.4%).

Source: IndexBox Platform

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