Tunisia: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Tunisia

The Tunisian asphalt or bitumen article market surged to $X in 2022, increasing by 15% against the previous year. Over the period under review, consumption showed a pronounced decline. Asphalt or bitumen article consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Asphalt or Bitumen Articles in Tunisia

In value terms, asphalt or bitumen article production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Asphalt or bitumen article production peaked in 2022 and is expected to retain growth in years to come.

Exports of Asphalt or Bitumen Articles

Exports from Tunisia

For the third consecutive year, Tunisia recorded growth in overseas shipments of asphalt or bitumen articles, which increased by 481% to X tons in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, asphalt or bitumen article exports surged to $X in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chad (X tons), Congo (X tons) and Niger (X tons) were the main destinations of asphalt or bitumen article exports from Tunisia, with a combined 53% share of total exports. Gabon, Senegal, Libya, Benin, Cameroon, Equatorial Guinea, Burkina Faso, Cote d'Ivoire, Togo and Madagascar lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of +4,769.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for asphalt or bitumen article exported from Tunisia were Gabon ($X), Niger ($X) and Chad ($X), with a combined 38% share of total exports. Congo, Equatorial Guinea, Burkina Faso, Benin, Cameroon, Senegal, Libya, Madagascar, Cote d'Ivoire and Togo lagged somewhat behind, together accounting for a further 52%.

Madagascar, with a CAGR of +7,112.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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 asphalt or bitumen article export price stood at $X per ton in 2022, picking up by 18% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Equatorial Guinea ($X per ton), while the average price for exports to Chad ($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 Madagascar (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Tunisia

In 2022, after two years of growth, there was significant decline in overseas purchases of asphalt or bitumen articles, when their volume decreased by -13.8% to X tons. In general, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, asphalt or bitumen article imports expanded remarkably to $X in 2022. Over the period under review, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2020 when imports increased by 51%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of asphalt or bitumen article to Tunisia, with a 50% share of total imports. Moreover, asphalt or bitumen article imports from Egypt exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.1% per year) and Turkey (+31.7% per year).

In value terms, Egypt ($X), Italy ($X) and Turkey ($X) were the largest asphalt or bitumen article suppliers to Tunisia, together comprising 84% of total imports.

Among the main suppliers, Turkey, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average asphalt or bitumen article import price stood at $X per ton in 2022, increasing by 25% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Egypt ($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 (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform