Tunisia: Lift And Hoist Market 2024

Lift And Hoist Market Size in Tunisia

The Tunisian lift and hoist market soared to $X in 2022, growing by 23% 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). Overall, consumption, however, continues to indicate a perceptible decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Lift And Hoist Exports

Exports from Tunisia

In 2022, the amount of lifts and hoists exported from Tunisia fell dramatically to X units, waning by -28.6% compared with the year before. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 229%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift and hoist exports contracted sharply to $X in 2022. Overall, exports saw a mild contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 853%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ethiopia (X units), Algeria (X units) and Libya (X units) were the main destinations of lift and hoist exports from Tunisia, with a combined 60% share of total exports. France and Italy lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X) remains the key foreign market for lifts and hoists exports from Tunisia, comprising 78% of total exports. The second position in the ranking was taken by Algeria ($X), with a 21% share of total exports. It was followed by Libya, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Ethiopia stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-1.5% per year) and Libya (-33.8% per year).

Export Prices by Country

The average lift and hoist export price stood at $X per unit in 2022, with a decrease of -18.4% against the previous year. Over the period under review, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2021 an increase of 502%. As a result, the export price reached the peak level of $X per unit, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Italy ($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 Ethiopia (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Lift And Hoist Imports

Imports into Tunisia

Lift and hoist imports into Tunisia soared to X units in 2022, increasing by 41% compared with 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 55% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, lift and hoist imports expanded slightly to $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units), Spain (X units) and China (X units) were the main suppliers of lift and hoist imports to Tunisia, together comprising 73% of total imports. Finland, the UK, Canada, Portugal, France, Italy, South Korea and Greece lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Spain ($X) and China ($X) constituted the largest lift and hoist suppliers to Tunisia, with a combined 75% share of total imports. Finland, Canada, the UK, Portugal, France, South Korea, Italy and Greece lagged somewhat behind, together accounting for a further 23%.

Canada, with a CAGR of +71.4%, saw the highest rates of growth with regard to 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 lift and hoist import price stood at $X per unit in 2022, declining by -25.6% against the previous year. In general, the import price recorded a abrupt slump. The growth pace was the most rapid in 2018 an increase of 89% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform