Tunisia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Tunisia

In 2022, the Tunisian grinding and sharpening machine market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Tunisia

In 2022, after three years of growth, there was significant decline in shipments abroad of grinding and sharpening metal finishing machines, when their volume decreased by -22.2% to X units. In general, exports, however, posted a mild increase. The most prominent rate of growth was recorded in 2015 when exports increased by 431% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports reduced to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 430% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for grinding and sharpening machine exports from Tunisia, accounting for a 76% share of total exports. Moreover, grinding and sharpening machine exports to Italy exceeded the volume sent to the second major destination, France (X units), eightfold. The third position in this ranking was held by South Africa (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.2% per year) and South Africa (0.0% per year).

In value terms, Italy ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Tunisia, comprising 83% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by Spain, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.7% per year) and Spain (0.0% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, with an increase of 11% against the previous year. Overall, the export price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2016 an increase of 669% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to South Africa ($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 Germany (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Tunisia

In 2022, purchases abroad of grinding and sharpening metal finishing machines was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a abrupt shrinkage. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports dropped markedly to $X in 2022. Overall, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of 148% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X units), France (X units) and the UK (X units) were the main suppliers of grinding and sharpening machine imports to Tunisia, together accounting for 63% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +30.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Tunisia, comprising 61% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+31.9% per year) and Germany (-3.7% per year).

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, declining by -53.9% against the previous year. Over the period under review, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 93%. As a result, import price reached the peak level of $X per unit, and then declined dramatically 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 France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform