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Algeria – Sugar imports up sharply in 2016

 

Algeria’s sugar import bill for 2016 rose to US$871.7 million, according to the latest figures announced by the National Center for Informatics and Customs Statistics (CNIS) and reported in the local press.

This is a 22% increase over the previous year when the imports of a variety of sugars, including raw and syrups amounted to US$714.76 million. In terms of physical quantity, sugar imports also increased from 1.93 million tonnes in 2015 to 2.03 million tonnes in 2016.

The rise in global sugar prices was a major contributory factor for increasing Algeria’s import bill. The country imports raw sugar to be processed at its refineries. The average import price for raw sugar increased from US$358/tonne in the first 10 months of 2015 to US$398/tonne in the same period in 2016, an increase of 11.2%. The import price for white sugar rose from US$506/tonne in 2015 to US$522/tonne in 2016, an increase of 3.2%.

According to the latest FO Licht data, 2016/17 consumption is forecast at 1.963 mln tonnes, while exports of (refined) sugar is estimated at 458,000 t.

International Sugar Journal

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