Price for Pectic Substances; Pectinates and Pectates in Algeria - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Algeria (CIF) - 2022
2. Imports of Pectic Substances; Pectinates and Pectates in Algeria

Price for Pectic Substances; Pectinates and Pectates in Algeria (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $9,861 per ton in 2022, waning by -1.9% against the previous year. In general, the import price saw a noticeable shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $13,491 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($12,884 per ton), while the price for Spain ($7,563 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Pectic Substances; Pectinates and Pectates in Algeria

In 2022, imports of pectic substances; pectinates and pectateses into Algeria shrank notably to 186 tons, waning by -19.5% on 2021. In general, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 66%. As a result, imports reached the peak of 231 tons, and then reduced markedly in the following year.

In value terms, pectic substances; pectinates and pectates imports shrank rapidly to $1.8M in 2022. Overall, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 72%. As a result, imports reached the peak of $2.3M, and then dropped remarkably in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Algeria in 2022:

1. Denmark (50.9 tons)
2. Spain (45.8 tons)
3. Switzerland (30.6 tons)
4. Netherlands (13.1 tons)
5. United Kingdom (12.6 tons)
6. Germany (12.6 tons)
7. China (7.3 tons)

Source: IndexBox Market Intelligence Platform