Tunisia: Alkyd Resins Market 2024

Alkyd Resins Market Size in Tunisia

In 2022, the Tunisian alkyd resins market increased by 16% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Alkyd Resins Production in Tunisia

In value terms, alkyd resins production fell rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Alkyd Resins Exports

Exports from Tunisia

Alkyd resins exports from Tunisia reduced to X tons in 2022, dropping by -13.5% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 139% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, alkyd resins exports rose slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2021 with an increase of 211% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Algeria (X tons), Senegal (X tons) and Cote d'Ivoire (X tons) were the main destinations of alkyd resins exports from Tunisia, with a combined 61% share of total exports. Ghana, Sierra Leone, Mauritania, Gabon, Burkina Faso, Morocco, Cameroon, Benin, Nigeria and Libya lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +32.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alkyd resins exported from Tunisia were Algeria ($X), Senegal ($X) and Cote d'Ivoire ($X), with a combined 62% share of total exports. Ghana, Sierra Leone, Mauritania, Gabon, Cameroon, Burkina Faso, Morocco, Benin, Nigeria and Libya lagged somewhat behind, together accounting for a further 30%.

Burkina Faso, with a CAGR of +33.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2021 an increase of 30%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($X per ton) and Sierra Leone ($X per ton), while the average price for exports to Libya ($X per ton) and Mauritania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into Tunisia

In 2022, overseas purchases of alkyd resins in primary forms decreased by -51.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, alkyd resins imports shrank notably to $X in 2022. Overall, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 60% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Egypt (X tons) and the Netherlands (X tons) were the main suppliers of alkyd resins imports to Tunisia, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alkyd resins suppliers to Tunisia were Turkey ($X), Egypt ($X) and the Netherlands ($X), together accounting for 64% of total imports.

Turkey, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform