Tunisia: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Tunisia

After two years of growth, the Tunisian fats preparation machinery market decreased by -43.4% to $X in 2022. In general, consumption continues to indicate a mild downturn. Fats preparation machinery consumption peaked at $X in 2021, and then contracted dramatically in the following year.

Fats Preparation Machinery Exports

Exports from Tunisia

In 2022, shipments abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils increased by 475% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fats preparation machinery exports surged to $X in 2022. Over the period under review, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Libya (X units) was the main destination for fats preparation machinery exports from Tunisia, with a 96% share of total exports. It was followed by Algeria (X units), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya stood at +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (0.0% per year) and Egypt (0.0% per year).

In value terms, Libya ($X) emerged as the key foreign market for machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports from Tunisia, comprising 92% of total exports. The second position in the ranking was held by Egypt ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Libya stood at +85.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Algeria (-3.8% per year).

Export Prices by Country

In 2022, the average fats preparation machinery export price amounted to $X per unit, growing by 118% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Libya ($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 Libya (+26.8%), while the prices for the other major destinations experienced a decline.

Fats Preparation Machinery Imports

Imports into Tunisia

In 2022, supplies from abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -16.9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw notable growth. The pace of growth appeared the most rapid in 2014 when imports increased by 98% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fats preparation machinery imports dropped dramatically to $X in 2022. Over the period under review, imports showed a noticeable slump. The pace of growth was the most pronounced in 2014 when imports increased by 347%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fats preparation machinery to Tunisia, accounting for a 57% share of total imports. Moreover, fats preparation machinery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was taken by Egypt (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +43.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-5.4% per year) and Egypt (+21.0% per year).

In value terms, the largest fats preparation machinery suppliers to Tunisia were Egypt ($X), Turkey ($X) and Italy ($X), with a combined 89% share of total imports. China, Spain and Germany lagged somewhat behind, together comprising a further 8.6%.

In terms of the main suppliers, China, with a CAGR of +45.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fats preparation machinery import price amounted to $X per unit, waning by -37.7% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2014 when the average import price increased by 126% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 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 Egypt ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform