The Algeria Fruit & Vegetable market is projected to register a CAGR of 5.8% during the forecast period (2021-2026).
The Algerian Fruit & Vegetable market is less affected by the global pandemic, Covid-19. To keep the food supply chains functional, the food and healthcare systems are allowed to remain open. Despite the ban on international and domestic travel, transportation services for food are allowed to avoid shortages of food. Hence, the Covid-19 did not cause any major damage to the fruits and vegetable market in Algeria.
The domestic fruit & vegetable market in Algeria is comparatively large, as compared to the other North African countries, like Sudan and Egypt. Apart from catering to its domestic purposes, the product is also exported to other countries. Although fruits and vegetables are exported from Algeria, the domestic need is high within the region.
Potato, tomato, and onion are the major vegetables produced across Algeria. Potatoes, Tomatoes and onion segments have been booming in recent years. According to FAO, potato production accounts for 4.6 million metric ton followed by onion with 1.4 million metric ton. In the fruit segment, watermelon dominates the Algerian market. The production of watermelon accounts for 2.0 million metric ton followed by oranges with 1.1 million metric ton. The trends are a clear indication that the Algerian fruit & vegetable market is going to witness healthy growth during the forecast period.
Key Market Trends
Potato Dominates the Market
According to FAO, potato is one of the major leading vegetables in the Algerian Market, The production of potatoes accounts for 5.0 million metric ton in 2019 as compared to the previous year in which the production was 4.7 million metric tons. Potato production is expected to increase in order to meet the domestic needs of the people in Algeria. For instance, annual per capita potato consumption in Algeria has increased to 65.0 Kg in 2018 which in turn increases the demand for potatoes, thus boosting the vegetable market during the forecast period.
High Regional Trade of Dates is Driving the Market
Though watermelon and orange accounted for around 30.0% of the production of the total fruit in 2018, the date is the major commercial product in the Algerian fruit segment. According to FAO, the date is one of the major fruits produced in Algeria accounting for 1.1million metric ton of production in 2019 as against 1.1 million metric ton in 2018. According to ITC Trademap, the date export value reached USD 52.0thousand in 2017 as compared to USD 37.0 thousand in 2016. This rapidly increasing export indicates the growth of the market. Major Algerian dates export destinations are France, Russia, and Spain. Among all the importing countries France and Russia together hold 50.6% share of the total value of dates exported from Algeria.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support