Tunisia: Artificial Fur Market 2024

Artificial Fur Market Size in Tunisia

The Tunisian artificial fur market shrank to $X in 2022, falling by -5.1% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Artificial Fur Production in Tunisia

In value terms, artificial fur production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -15.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38%. Artificial fur production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Artificial Fur Exports

Exports from Tunisia

In 2022, the amount of artificial fur exported from Tunisia fell dramatically to X kg, with a decrease of -64.3% on 2021. Over the period under review, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,461% against the previous year. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, artificial fur exports dropped notably to $X in 2022. In general, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 4,148%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

Italy (X kg), France (X kg) and China (X kg) were the main destinations of artificial fur exports from Tunisia, together comprising 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +33.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Italy ($X) constituted the largest markets for artificial fur exported from Tunisia worldwide, with a combined 95% share of total exports.

China, with a CAGR of +34.3%, 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

In 2022, the average artificial fur export price amounted to $X per ton, with an increase of 43% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 47%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+23.0%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Fur Imports

Imports into Tunisia

In 2022, overseas purchases of artificial fur decreased by -88.7% to X kg, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by 212% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, artificial fur imports contracted notably to $X in 2022. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 81%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) was the main supplier of artificial fur to Tunisia, accounting for a 98% share of total imports. It was followed by France (X kg), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.7%.

In value terms, China ($X) constituted the largest supplier of artificial fur to Tunisia, comprising 98% of total imports. The second position in the ranking was taken by France ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -1.9%.

Import Prices by Country

The average artificial fur import price stood at $X per ton in 2022, jumping by 96% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for France stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform