Tunisia: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Tunisia

The Tunisian stone polishing machine market soared to $X in 2022, rising by 40% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Stone polishing machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Stone Polishing Machine Production in Tunisia

In value terms, stone polishing machine production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 4.3%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Stone Polishing Machine Exports

Exports from Tunisia

In 2022, overseas shipments of grinding or polishing machines for working stone, ceramics and concrete decreased by -30% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports saw a pronounced reduction. The pace of growth was the most pronounced in 2017 when exports increased by 71%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 40%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Libya (X units) was the main destination for stone polishing machine exports from Tunisia, with a 57% share of total exports. Moreover, stone polishing machine exports to Libya exceeded the volume sent to the second major destination, Congo (X units), fourfold. The third position in this ranking was taken by France (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Libya amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (0.0% per year) and France (-14.0% per year).

In value terms, Libya ($X), France ($X) and Congo ($X) constituted the largest markets for stone polishing machine exported from Tunisia worldwide, together accounting for 92% of total exports.

Congo, with a CAGR of +193.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2022, picking up by 21% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Mauritania ($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 Congo (+193.1%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Tunisia

In 2022, supplies from abroad of grinding or polishing machines for working stone, ceramics and concrete increased by 84% to X units, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 135% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, stone polishing machine imports dropped remarkably to $X in 2022. In general, imports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 87% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and France (X units) were the main suppliers of stone polishing machine imports to Tunisia, together comprising 29% of total imports. Turkey, the United States and Spain lagged somewhat behind, together accounting for a further 2.4%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +17.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), France ($X) and Turkey ($X) were the largest stone polishing machine suppliers to Tunisia, with a combined 70% share of total imports. China, the United States and Spain lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, the United States, with a CAGR of +60.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, which is down by -57% against the previous year. In general, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 98%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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 Turkey ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform