Tunisia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Tunisia

After three years of decline, the Tunisian market for diesel engines (other than for motor vehicles and aircraft) decreased by -69.5% to $X in 2022. Over the period under review, consumption, however, showed a measured expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Tunisia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Tunisia

After two years of decline, shipments abroad of diesel engines (other than for motor vehicles and aircraft) decreased by -54.5% to X units in 2022. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 373%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) fell significantly to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 188% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Nigeria (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Tunisia, accounting for a 75% share of total exports. Moreover, exports of diesel engines (other than for motor vehicles and aircraft) to Nigeria exceeded the volume sent to the second major destination, Libya (X units), tenfold. The third position in this ranking was held by Algeria (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+16.7% per year) and Algeria (-33.1% per year).

In value terms, Algeria ($X), Nigeria ($X) and Italy ($X) appeared to be the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Tunisia worldwide, together comprising 67% of total exports.

Nigeria, with a CAGR of +14.5%, 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 export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, declining by -67.7% against the previous year. Over the period under review, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 131%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to Nigeria ($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 Italy (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Tunisia

In 2022, after four years of decline, there was significant decline in purchases abroad of diesel engines (other than for motor vehicles and aircraft), when their volume decreased by -27.8% to X units. Over the period under review, imports recorded a mild descent. The most prominent rate of growth was recorded in 2015 when imports increased by 273% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 86%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

France (X units), China (X units) and Italy (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Tunisia, together comprising 63% of total imports. Thailand, Japan, Sweden, the United States and the UK lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Japan ($X) and Italy ($X) constituted the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Tunisia, with a combined 74% share of total imports. China, Sweden, the United States, the UK and Thailand lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Sweden, with a CAGR of +31.9%, saw 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

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, with a decrease of -10.8% against the previous year. In general, the import price, however, saw modest growth. The growth pace was the most rapid in 2017 an increase of 83%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined in the following year.

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 Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+258.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform