Updated Jan 10, 2023 22:33

Silk-Worm Cocoons Market in Algeria

Market Forecast
Driven by increasing demand for silk-worm cocoons (reelable) in Algeria, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2016 to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of % for the period from 2016 to , which is projected to bring the market value to less than $ (in nominal prices) by the end of .


Market Structure
Silk-worm cocoons market in Algeria consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Algeria relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In 2016, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Algeria remains a net importer of silk-worm cocoons; in physical and value terms, imports consistently exceeded exports from 2015 to 2016. In 2016, there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.