Tunisia: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Tunisia

The Tunisian margarine and shortening market fell slightly to $X in 2022, which is down by -1.6% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Margarine And Shortening Production in Tunisia

In value terms, margarine and shortening production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Margarine And Shortening Exports

Exports from Tunisia

In 2022, shipments abroad of margarine and shortening was finally on the rise to reach X tons after six years of decline. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 128% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, margarine and shortening exports contracted slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 127% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Libya (X tons) was the main destination for margarine and shortening exports from Tunisia, with a 33% share of total exports. Moreover, margarine and shortening exports to Libya exceeded the volume sent to the second major destination, Cameroon (X tons), twofold. Guinea (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-9.8% per year) and Guinea (+42.6% per year).

In value terms, Libya ($X) remains the key foreign market for margarine and shortening exports from Tunisia, comprising 34% of total exports. The second position in the ranking was taken by Guinea ($X), with a 9.8% share of total exports. It was followed by Cameroon, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+41.2% per year) and Cameroon (-10.9% per year).

Export Prices by Country

In 2022, the average margarine and shortening export price amounted to $X per ton, waning by -7.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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 the United States ($X per ton), while the average price for exports to Lebanon ($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 Madagascar (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into Tunisia

After two years of decline, supplies from abroad of margarine and shortening increased by 17% to X tons in 2022. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by 181%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, margarine and shortening imports expanded rapidly to $X in 2022. Over the period under review, imports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of 111% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Malaysia (X tons) and Italy (X tons) were the main suppliers of margarine and shortening imports to Tunisia, together comprising 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +48.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of margarine and shortening to Tunisia, comprising 53% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total imports. It was followed by Italy, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Sweden totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+39.6% per year) and Italy (+2.4% per year).

Import Prices by Country

The average margarine and shortening import price stood at $X per ton in 2022, falling by -6.9% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform