Tunisia: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Tunisia

After three years of decline, the Tunisian gearboxes and speed changers market decreased by X% to $X in 2022. Over the period under review, consumption saw a deep contraction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Gearboxes and Speed Changers in Tunisia

In value terms, gearboxes and speed changers production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports from Tunisia

In 2022, gearboxes and speed changers exports from Tunisia soared to X tons, jumping by X% on the year before. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, gearboxes and speed changers exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), France (X tons) and Switzerland (X tons) were the main destinations of gearboxes and speed changers exports from Tunisia, with a combined X% share of total exports. The UK and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gearboxes and speed changers exported from Tunisia were Italy ($X), France ($X) and Switzerland ($X), with a combined X% share of total exports. The UK and the Netherlands lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 gearboxes and speed changers export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a 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 the Netherlands ($X per ton), while the average price for exports to Switzerland ($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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Imports of Gearboxes and Speed Changers

Imports into Tunisia

In 2022, the amount of gearboxes and speed changers imported into Tunisia skyrocketed to X tons, increasing by X% against 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers imports soared to $X in 2022. Overall, imports, however, recorded a noticeable slump. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gearboxes and speed changers supplier to Tunisia, with a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the UK (X% per year).

In value terms, Italy ($X), China ($X) and Germany ($X) were the largest gearboxes and speed changers suppliers to Tunisia, with a combined X% share of total imports. The UK, France, Turkey, India and Spain lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gearboxes and speed changers import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform