Primary Fiber Crops Market in Algeria
Market Overview
After four years of growth, the Algerian primary fiber crops market decreased by -
% to $ in . Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a lower figure.
In value terms, primary fiber crops production rose markedly to $ in estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Primary fiber crops production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
% to $ in . Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a lower figure.In value terms, primary fiber crops production rose markedly to $
in estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Primary fiber crops production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.Consumption
In , consumption of fiber crops (primary) decreased by -% to tons, falling for the second consecutive year after four years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2009; however, from 2010 to , consumption remained at a lower figure.
The revenue of the primary fiber crops market in Algeria fell to $ in , dropping by -% 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). Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market failed to regain momentum.
, consumption of fiber crops (primary) decreased by -% to tons, falling for the second consecutive year after four years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2009; however, from 2010 to , consumption remained at a lower figure.The revenue of the primary fiber crops market in Algeria fell to $
in , dropping by -% 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). Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market failed to regain momentum.Consumption by Type
Cotton lint ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, cotton lint exceeded the figures recorded for the second-largest type, coconut, abaca, ramie and other vegetable textile fibres ( tons), fourfold. The third position in this ranking was held by jute and jute-like fibers ( tons), with a % share.
From 2007 to, the average annual rate of growth in terms of the volume of cotton lint consumptions totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: coconut, abaca, ramie and other vegetable textile fibres (+% per year) and jute and jute-like fibers (+% per year).
In value terms, cotton lint ($) led the market, alone. The second position in the ranking was taken by coconut, abaca, ramie and other vegetable textile fibres ($). It was followed by jute and jute-like fibers.
From 2007 to, the average annual growth rate of the value of cotton lint markets amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: coconut, abaca, ramie and other vegetable textile fibres (+% per year) and jute and jute-like fibers (+% per year).
tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, cotton lint exceeded the figures recorded for the second-largest type, coconut, abaca, ramie and other vegetable textile fibres ( tons), fourfold. The third position in this ranking was held by jute and jute-like fibers ( tons), with a % share.From 2007 to
, the average annual rate of growth in terms of the volume of cotton lint consumptions totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: coconut, abaca, ramie and other vegetable textile fibres (+% per year) and jute and jute-like fibers (+% per year).In value terms, cotton lint ($
) led the market, alone. The second position in the ranking was taken by coconut, abaca, ramie and other vegetable textile fibres ($). It was followed by jute and jute-like fibers.From 2007 to
, the average annual growth rate of the value of cotton lint markets amounted to +%. With regard to the other consumed products, the following average annual rates of growth were recorded: coconut, abaca, ramie and other vegetable textile fibres (+% per year) and jute and jute-like fibers (+% per year).Market Forecast
Depressed by shrinking demand for primary fiber crops in Algeria, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Primary fiber crops market in Algeria consists almost entirely of imported products. In , 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.
, 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 primary fiber crops; in physical and value terms, imports consistently exceeded exports from 2007 to . In , 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.
. In , 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.
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