Tunisia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Tunisia

The Tunisian market for copper bars, rods and profiles expanded significantly to $X in 2022, growing by 6.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded measured growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Tunisia

In 2022, shipments abroad of copper bars, rods and profiles was finally on the rise to reach X tons after six years of decline. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 602% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports skyrocketed to $X in 2022. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 331%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for copper bar, rod and profile exports from Tunisia, with a 66% share of total exports. Moreover, copper bar, rod and profile exports to France exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-1.5% per year) and the United States (+29.4% per year).

In value terms, France ($X) remains the key foreign market for copper bars, rods and profiles exports from Tunisia, comprising 80% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.5% share of total exports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.7% per year) and the United Arab Emirates (-8.4% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, reducing by -16.3% against the previous year. Over the period under review, the export price, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Italy (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Tunisia

In 2022, copper bar, rod and profile imports into Tunisia stood at X tons, picking up by 5.7% against 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2,092% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, copper bar, rod and profile imports expanded notably to $X in 2022. Overall, imports showed pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,069% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), France (X tons) and Spain (X tons) were the main suppliers of copper bar, rod and profile imports to Tunisia, together accounting for 87% of total imports. Germany and Turkey lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile suppliers to Tunisia were Italy ($X), France ($X) and Germany ($X), with a combined 80% share of total imports.

Among the main suppliers, Germany, with a CAGR of +25.1%, recorded the highest growth rate of 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 import price for copper bars, rods and profiles stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +34.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform