{"id":10937,"date":"2025-01-25T19:22:48","date_gmt":"2025-01-25T18:22:48","guid":{"rendered":"https:\/\/dzwatch.dz\/?p=10937"},"modified":"2025-01-25T19:22:49","modified_gmt":"2025-01-25T18:22:49","slug":"cosmetics-and-perfumes-algeria-reduces-import-bill-from-500-million-to-58-million","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=10937","title":{"rendered":"Cosmetics and Perfumes: Algeria Reduces Import Bill from $500 Million to $58 Million"},"content":{"rendered":"\n

Saturday, January 25, 2025, 4:39 PM<\/em>
Category: Economy<\/em><\/p>\n\n\n\n

Algiers<\/strong> \u2013 Algeria has successfully slashed its import bill for cosmetics, perfumes, and personal care products to $58 million in 2024, a significant decrease from over $500 million previously. This achievement, according to Minister of Domestic Trade and Market Regulation Mr. Tayeb Zitouni, is attributed primarily to the growth of local production in these industries.<\/p>\n\n\n\n

Speaking to the press on the sidelines of the third edition of the “Cosmetica” International Cosmetics Fair, which concludes today, the minister noted that \u201cdomestic production of these items has reached substantial levels, covering approximately 70% of national demand.\u201d He also highlighted that Algeria has achieved total self-sufficiency in several personal care products.<\/p>\n\n\n\n

In addition to reducing imports, local production of cosmetics, perfumes, and personal care products has seen a \u201cquantitative and qualitative leap,\u201d making the sector increasingly competitive on an international scale. According to the minister, this development has also created job opportunities and contributed to value chain development.<\/p>\n\n\n\n

Mr. Zitouni attributed this success to President Abdelmadjid Tebboune\u2019s policies on import rationalization and support for national production, emphasizing that \u201cAlgeria possesses the potential to achieve its goals in this field.\u201d<\/p>\n\n\n\n

Balanced Approach to Imports and Export Potential<\/strong><\/h3>\n\n\n\n

The minister clarified that the reduction in imports does not mean a complete suspension, as \u201csome claim,\u201d but rather a strategy to rationalize importation. He added that the surplus in certain locally produced items presents promising prospects for exports at competitive prices.<\/p>\n\n\n\n

Positive Indicators from Cosmetica Fair<\/strong><\/h3>\n\n\n\n

With participation from around 250 companies, the minister described the strong turnout at the Cosmetica Fair as a \u201cpositive indicator\u201d of the growth in Algeria\u2019s cosmetics and perfumes industry. He also praised the role of startups and university graduates active in manufacturing, stating that their contributions have significantly boosted the sector.<\/p>\n\n\n\n

Furthermore, the participation of over 17 countries in the fair presents an opportunity for Algeria to develop industries it has not yet mastered by fostering future partnerships. Mr. Zitouni noted that the country still imports some materials, which it aims to produce locally in the near future.<\/p>\n\n\n\n

National Product Survey and Market Regulation Plans<\/strong><\/h3>\n\n\n\n

Regarding the upcoming national survey of domestic production, set to begin next Monday, the minister said it would evaluate Algeria\u2019s production capacity. The survey will cover 186,000 manufacturing enterprises across various sectors.<\/p>\n\n\n\n

On the new Market Regulation Law under preparation, Mr. Zitouni described it as a \u201csocietal law\u201d being developed collaboratively with stakeholders, including traders, professional organizations, unions, manufacturers, administrators, and importers. The law aims to organize and integrate the informal and electronic markets under a participatory approach.<\/p>\n\n\n\n

Preparations for Ramadan<\/strong><\/h3>\n\n\n\n

Addressing preparations for the upcoming Ramadan, the minister noted that recent years have seen \u201ccollective awareness\u201d regarding promotional discounts and pricing during the holy month. Efforts to organize markets, combat shortages, and stabilize prices are ongoing year-round, he added.<\/p>\n\n\n\n

For more updates and insights, visit: DZWATCH.DZ<\/a>.<\/p>\n\n\n\n

Author:<\/strong> Nor-Eleslam<\/p>\n","protected":false},"excerpt":{"rendered":"

Saturday, January 25, 2025, 4:39 PMCategory: Economy Algiers \u2013 Algeria has successfully slashed its import bill for cosmetics, perfumes, and personal care products to $58 million in 2024, a significant decrease from over $500 million previously. This achievement, according to Minister of Domestic Trade and Market Regulation Mr. Tayeb Zitouni, is attributed primarily to the …<\/p>\n","protected":false},"author":1,"featured_media":10938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"cybocfi_hide_featured_image":"","iawp_total_views":7,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-10937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/10937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10937"}],"version-history":[{"count":1,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/10937\/revisions"}],"predecessor-version":[{"id":10939,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/10937\/revisions\/10939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/10938"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}