Friday, October 1, 2010

Algeria: huge potential for Vietnamese farm produce

Algeria is seen as a huge potential market for Vietnamese
agricultural exports as almost all of its key farm products shipped to
Algeria are not grown in the African country.


According to the Vietnamese Commercial Counsellor in Algeria , Nguyen
Van Mui , Algeria is one of the African countries that has a large
demand for food and foodstuffs because its agricultural production and
food processing industry cannot meet domestic demands.


At present, 75 percent of food and foodstuffs consumed in Algeria
are imported, mainly grain, wheat, milk, sugar, coffee, tea, dried
vegetables and meat.


Algeria needs to import
almost 400 million USD worth of agricultural products annually from
Vietnam but the Southeast Asian country is only able to meet 22-25
percent of this figure, said Mui.


Vietnam ’s
export turnover to Algeria reached over 83 million USD in 2008 and
94 million USD in 2009, of which agricultural products accounted for 80
percent.


Large amounts of rice and coffee are
exported to Algeria, where Vietnam holds a 25 percent share of Algeria’s
coffee market with an export turnover of nearly 49 million USD and 70
percent of the country’s rice with a record 23.8 million USD worth
shipped last year.


In addition, Algeria imports
many other commodities from Vietnam , including pepper worth 1.3
million USD, which accounts for 60 percent of Algeria ’s market share
and copra at 1.6 million USD. Vietnam is now the second biggest
exporter of copra to Algeria .


According to
recent surveys, processed Vietnamese products such as roasted and
instant coffee, parboiled rice, rice paper, dry noodles, spices and
ground pepper also see an opportunity to enter this market.


In order to speed up the export of goods to Algeria, Mui has advised
Vietnamese exporters to take part in trade fairs in Algeria to study the
market and meet potential partners, including the Alger International
Fair in June and the International Agricultural Exhibition in November
each year./.

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