Tunisia - Essential Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTunisia: Essential Oils Market 2024
Essential Oils Market Size in Tunisia
In 2022, the Tunisian essential oils market increased by 25% to $X, rising for the second consecutive year after four years of decline. Overall, consumption posted a strong increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.
Essential Oils Production in Tunisia
In value terms, essential oils production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37% against the previous year. Essential oils production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.
Essential Oils Exports
Exports from Tunisia
In 2022, overseas shipments of essential oils decreased by -19% to X tons, falling for the fourth consecutive year after five years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 25% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, essential oils exports declined to $X in 2022. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2020 when exports increased by 62%. The exports peaked at $X in 2021, and then contracted in the following year.
Exports by Country
France (X tons) was the main destination for essential oils exports from Tunisia, accounting for a 30% share of total exports. Moreover, essential oils exports to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 10% share.
From 2012 to 2022, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.6% per year) and Spain (-2.2% per year).
In value terms, France ($X) remains the key foreign market for essential oils exports from Tunisia, comprising 46% of total exports. The second position in the ranking was held by Spain ($X), with a 16% share of total exports. It was followed by the United States, with a 9.8% share.
From 2012 to 2022, the average annual growth rate of value to France totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+25.7% per year) and the United States (+20.7% per year).
Export Prices by Country
The average essential oils export price stood at $X per ton in 2022, with an increase of 5.1% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 79%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Saudi Arabia ($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 Spain (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.
Essential Oils Imports
Imports into Tunisia
In 2022, after two years of decline, there was significant growth in overseas purchases of essential oils, when their volume increased by 24% to X tons. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of 74% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, essential oils imports skyrocketed to $X in 2022. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 69%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Imports by Country
Spain (X tons), France (X tons) and the UK (X tons) were the main suppliers of essential oils imports to Tunisia, with a combined 56% share of total imports. The Netherlands, China, Algeria, Egypt, Italy, Brazil, India and Germany lagged somewhat behind, together comprising a further 37%.
From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the UK ($X) constituted the largest supplier of essential oils to Tunisia, comprising 50% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Spain, with a 6.5% share.
From 2012 to 2022, the average annual growth rate of value from the UK amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.5% per year) and Spain (+2.4% per year).
Import Prices by Country
In 2022, the average essential oils import price amounted to $X per ton, picking up by 17% against the previous year. Overall, the import price saw a temperate expansion. The pace of growth appeared the most rapid in 2020 an increase of 52%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the essential oils market in Tunisia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20531020 - Essential oils
Country coverage:
- Tunisia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tunisia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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