Butter Market Overview in Algeria
In value terms, butter production rose slightly to $ in 2019 estimated in export prices. Overall, production continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2012 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to 2019, production failed to regain the momentum.
The size of the butter market in Algeria expanded rapidly to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.