Tunisia: Boring Machinery Market 2024

Boring Machinery Market Size in Tunisia

The Tunisian boring machinery market stood at $X in 2022, with an increase of 5.3% against the previous year. Over the period under review, consumption recorded resilient growth. Boring machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Boring Machinery Production in Tunisia

In value terms, boring machinery production fell markedly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 462% against the previous year. Boring machinery production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Boring Machinery Exports

Exports from Tunisia

After two years of growth, overseas shipments of boring or sinking machinery decreased by -33.8% to X units in 2022. In general, exports, however, showed a temperate increase. The growth pace was the most rapid in 2013 with an increase of 767%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, boring machinery exports contracted markedly to $X in 2022. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 463% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X units) was the main destination for boring machinery exports from Tunisia, accounting for a 89% share of total exports. Moreover, boring machinery exports to Algeria exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.0% per year) and the United Arab Emirates (0.0% per year).

In value terms, Algeria ($X) remains the key foreign market for boring or sinking machinery exports from Tunisia, comprising 83% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.6% share of total exports. It was followed by the United Arab Emirates, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Algeria stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.8% per year) and the United Arab Emirates (+6.5% per year).

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, reducing by -2.1% against the previous year. Overall, the export price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into Tunisia

In 2022, approx. X units of boring or sinking machinery were imported into Tunisia; growing by 61% compared with 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,746% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, boring machinery imports soared to $X in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 3,038% 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

In 2022, Saudi Arabia (X units) constituted the largest boring machinery supplier to Tunisia, accounting for a 78% share of total imports. Moreover, boring machinery imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled +53.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+15.8% per year) and the Netherlands (+31.8% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of boring or sinking machinery to Tunisia, comprising 48% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total imports. It was followed by Singapore, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +99.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+63.7% per year) and Singapore (+72.6% per year).

Import Prices by Country

The average boring machinery import price stood at $X per unit in 2022, leveling off at the previous year. In general, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform