Tunisia: Amino Resin Market 2024

Amino Resin Market Size in Tunisia

In 2022, the Tunisian amino resin market increased by 4.2% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Amino Resin Production in Tunisia

In value terms, amino resin production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. Amino resin production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Amino Resin Exports

Exports from Tunisia

In 2022, overseas shipments of amino resins decreased by -49.9% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2015 when exports increased by 537%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, amino resin exports declined sharply to $X in 2022. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 352% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for amino resin exports from Tunisia, with a approx. 99% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to France amounted to +18.9%.

In value terms, France ($X) also remains the key foreign market for amino resins exports from Tunisia.

From 2014 to 2022, the average annual growth rate of value to France stood at +11.6%.

Export Prices by Country

The average amino resin export price stood at $X per ton in 2022, with an increase of 5.3% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 10% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 France.

From 2014 to 2022, the rate of growth in terms of prices for Algeria amounted to +6.9% per year.

Amino Resin Imports

Imports into Tunisia

In 2022, approx. X tons of amino resins were imported into Tunisia; jumping by 23% on 2021 figures. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 130% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, amino resin imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 206% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), Italy (X tons) and Egypt (X tons) were the main suppliers of amino resin imports to Tunisia, with a combined 59% share of total imports. Germany, Spain, Turkey, South Korea, China and Portugal lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +90.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Egypt ($X) appeared to be the largest amino resin suppliers to Tunisia, with a combined 59% share of total imports. Germany, Spain, Turkey, South Korea, China and Portugal lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Turkey, with a CAGR of +92.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amino resin import price stood at $X per ton in 2022, picking up by 5.7% against the previous year. Overall, the import price posted slight growth. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Belgium ($X per ton), while the price for Portugal ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform