Algeria

Market Snapshot 2018 - Algeria - Commodity Table

Supply/Demand Basics

  • Steady growth of corn imports, 4 MMT in 2017.
  • Barley imports fluctuate depending on local production with1 MMT imported in 2017 and 900 TMT of barley were imported in 2017.
  • No imports of corn co-products.
  • Corn quality a concern but buyers are also very sensitive to price.

Country Overview

  • Population / growth: 42 million / 1.67%
  • Urban % / growth:¬† 73% / 2.27%
  • GDP / growth (PPP): $158.08 billion / 1.4
  • GDP per capita (PPP): $13,974
  • State-dominated economy with restrictions on imports and foreign investment.
  • Oil and gas account for roughly 60% of the budget revenue, 30% of GDP and over 95% of export earnings.
  • Fragile political and security situations.

Trade and Market Share Issues

  • Argentina and Brazil combined corn market share is 90%. The U.S. comes with only 2% market share (90 TMT of U.S. corn imports in 2017).
  • The EU and the Black Sea are the main barley suppliers.
  • Majority of imported corn is used for feed mixing on farm.
  • More commercial feed millers are emerging, and they are less willing to pay premium for Argentine corn.

Policy Issues

  • Imported corn is subject to 5% import duty and 0% VAT.
  • 30% import duty and 0% VAT on corn co-products effective Jan. 1, 2018.
  • The government has suspended all import licenses, effective as of Jan. 1, 2018.

Market Snapshot 2018_Algeria_ Chart