Tunisia: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Tunisia

The Tunisian odoriferous substance mixture market soared to $X in 2022, rising by 80% 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 saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Tunisia

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Tunisia fell sharply to X tons, declining by -42.8% on 2021. Overall, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 624% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, odoriferous substance mixture exports contracted sharply to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 1,031%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X tons) was the main destination for odoriferous substance mixture exports from Tunisia, accounting for a 71% share of total exports. Moreover, odoriferous substance mixture exports to Libya exceeded the volume sent to the second major destination, Algeria (X tons), fourfold. Senegal (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Libya totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-3.2% per year) and Senegal (+14.1% per year).

In value terms, Libya ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Tunisia, comprising 70% of total exports. The second position in the ranking was taken by Algeria ($X), with a 16% share of total exports. It was followed by France, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Libya totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-9.8% per year) and France (+7.5% per year).

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, reducing by -4.9% against the previous year. In general, the export price saw a perceptible setback. The growth pace was the most rapid in 2021 when the average export price increased by 56% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 France ($X per ton), while the average price for exports to Senegal ($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 Qatar (+0.3%), while the prices for the other major destinations experienced a decline.

Odoriferous Substance Mixture Imports

Imports into Tunisia

In 2022, approx. X tons of mixtures of odoriferous substances and their preparations were imported into Tunisia; rising by 59% compared with the previous year's figure. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 121% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, odoriferous substance mixture imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 102% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to Tunisia, together accounting for 63% of total imports. The UK, the Netherlands, Switzerland and Italy lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Tunisia were France ($X), Spain ($X) and Germany ($X), with a combined 56% share of total imports. The UK, the Netherlands, Switzerland and Italy lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, the UK, with a CAGR of +16.3%, saw the highest growth rate of 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

The average odoriferous substance mixture import price stood at $X per ton in 2022, dropping by -7.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Switzerland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform