Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibre in Algeria
Market Overview
The Algerian market for coconut, abaca, ramie and other vegetable textile fibres contracted to $
in , with a decrease 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). In general, consumption, however, showed a buoyant expansion. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
in , with a decrease 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). In general, consumption, however, showed a buoyant expansion. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Consumption
In , approx. tons of coconut, abaca, ramie and other vegetable textile fibres were consumed in Algeria; with a decrease of -% compared with the year before. Over the period under review, consumption, however, posted temperate growth. Consumption of peaked at tons in 2018; however, from 2019 to , consumption failed to regain momentum.
The revenue of the market for coconut, abaca, ramie and other vegetable textile fibres in Algeria fell to $ in , which is down 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, however, showed a resilient increase. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, approx. tons of coconut, abaca, ramie and other vegetable textile fibres were consumed in Algeria; with a decrease of -% compared with the year before. Over the period under review, consumption, however, posted temperate growth. Consumption of peaked at tons in 2018; however, from 2019 to , consumption failed to regain momentum.The revenue of the market for coconut, abaca, ramie and other vegetable textile fibres in Algeria fell to $
in , which is down 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, however, showed a resilient increase. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for coconut, abaca, ramie and other vegetable textile fibres in Algeria, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 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 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 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 to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Coconut, abaca, ramie and other vegetable textile fibre 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 coconut, abaca, ramie and other vegetable textile fibre; 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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