Tunisia: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in Tunisia

The Tunisian monocarboxylic acid market soared to $X in 2022, jumping by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a temperate expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Monocarboxylic Acid Exports

Exports from Tunisia

In 2022, overseas shipments of acrylic acid and its salts and other monocarboxylic acid decreased by -56.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 43% against the previous year. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, monocarboxylic acid exports fell dramatically to $X in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 86% against the previous year. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Libya (X tons) was the main destination for monocarboxylic acid exports from Tunisia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya stood at +31.3%.

In value terms, Libya ($X) emerged as the key foreign market for acrylic acid and its salts and other monocarboxylic acid exports from Tunisia.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya amounted to +26.1%.

Export Prices by Country

The average monocarboxylic acid export price stood at $X per ton in 2022, reducing by -67% against the previous year. In general, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 30%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Libya.

From 2012 to 2022, the rate of growth in terms of prices for Libya amounted to -3.9% per year.

Monocarboxylic Acid Imports

Imports into Tunisia

In 2022, the amount of acrylic acid and its salts and other monocarboxylic acid imported into Tunisia expanded remarkably to X tons, picking up by 7.6% on the previous year's figure. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.1% against 2018 indices. The pace of growth was the most pronounced in 2020 when imports increased by 38%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, monocarboxylic acid imports soared to $X in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2020 with an increase of 82%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest monocarboxylic acid supplier to Tunisia, with a 65% share of total imports. Moreover, monocarboxylic acid imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+6.2% per year) and India (+26.8% per year).

In value terms, China ($X) constituted the largest supplier of acrylic acid and its salts and other monocarboxylic acid to Tunisia, comprising 69% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Russia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+22.9% per year) and Russia (+25.0% per year).

Import Prices by Country

The average monocarboxylic acid import price stood at $X per ton in 2022, with an increase of 34% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid import price increased by +119.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+221.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform