Tunisia: Ether Market 2024

Ether Market Size in Tunisia

The Tunisian ether market contracted slightly to $X in 2022, falling by -2.1% 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. Ether consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ether Exports

Exports from Tunisia

In 2022, after two years of growth, there was significant decline in overseas shipments of ethers, when their volume decreased by -10.8% to X tons. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 62%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports shrank to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.7% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 68%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Libya (X tons) was the main destination for ether exports from Tunisia, with a 54% share of total exports. Moreover, ether exports to Libya exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The third position in this ranking was taken by Angola (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+9.1% per year) and Angola (+9.4% per year).

In value terms, Libya ($X) remains the key foreign market for ethers exports from Tunisia, comprising 49% of total exports. The second position in the ranking was held by Angola ($X), with a 15% share of total exports. It was followed by Algeria, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Libya stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+3.0% per year) and Algeria (-0.8% per year).

Export Prices by Country

The average ether export price stood at $X per ton in 2022, declining by -3.2% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Benin ($X per ton), while the average price for exports to Algeria ($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 Turkey (+76.1%), while the prices for the other major destinations experienced mixed trend patterns.

Ether Imports

Imports into Tunisia

In 2022, overseas purchases of ethers were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, ether imports declined to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of ether to Tunisia, with a 55% share of total imports. Moreover, ether imports from Lithuania exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania totaled +301.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.3% per year) and the United Arab Emirates (+23.9% per year).

In value terms, the largest ether suppliers to Tunisia were Lithuania ($X), Spain ($X) and the Netherlands ($X), together accounting for 61% of total imports.

Among the main suppliers, Lithuania, with a CAGR of +176.4%, recorded the highest rates of growth with regard to 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 ether import price amounted to $X per ton, shrinking by -22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform