Tunisia: Market for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike 2024

Market Size for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Tunisia

In 2022, the Tunisian gum or wood oils market was finally on the rise to reach $X for the first time since 2012, thus ending a nine-year declining trend. Overall, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Tunisia

In value terms, gum or wood oils production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Gum or wood oils production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Exports from Tunisia

In 2022, after three years of decline, there was significant growth in overseas shipments of gum, wood or sulphate turpentine oils, pine oil and other alike, when their volume increased by X% to X tons. In general, exports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gum or wood oils exports fell to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for gum or wood oils exports from Tunisia, accounting for a X% share of total exports. Moreover, gum or wood oils exports to Libya exceeded the volume sent to the second major destination, Algeria (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Libya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Libya ($X) remains the key foreign market for gum, wood or sulphate turpentine oils, pine oil and other alike exports from Tunisia, comprising X% of total exports. The second position in the ranking was taken by Algeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

The average gum or wood oils export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Senegal (X%), while the prices for the other major destinations experienced a decline.

Imports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Imports into Tunisia

In 2022, supplies from abroad of gum, wood or sulphate turpentine oils, pine oil and other alike increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a abrupt descent. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, gum or wood oils imports surged to $X in 2022. Overall, imports, however, continue to indicate a mild decrease. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest gum or wood oils supplier to Tunisia, with a X% share of total imports. Moreover, gum or wood oils imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an X% share.

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

In value terms, Portugal ($X), France ($X) and China ($X) appeared to be the largest gum or wood oils suppliers to Tunisia, together comprising X% of total imports.

In terms of the main suppliers, France, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average gum or wood oils import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a notable increase. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform