Tunisia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Tunisia

The Tunisian synthetic organic colouring matters market expanded rapidly to $X in 2022, picking up by 11% 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). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Exports of Other Synthetic Organic Colouring Matters

Exports from Tunisia

In 2022, approx. X tons of other synthetic organic colouring matters were exported from Tunisia; which is down by -23.3% on 2021 figures. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 161%. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, synthetic organic colouring matters exports dropped remarkably to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 150% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Italy (X tons), Mauritania (X tons) and Burkina Faso (X tons) were the main destinations of synthetic organic colouring matters exports from Tunisia, with a combined 72% share of total exports. Congo, Algeria, Spain, Libya and Angola lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +46.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Algeria ($X) appeared to be the largest markets for synthetic organic colouring matters exported from Tunisia worldwide, with a combined 55% share of total exports.

Among the main countries of destination, Spain, with a CAGR of +52.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, waning by -19.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Mauritania ($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 Congo (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Tunisia

Synthetic organic colouring matters imports into Tunisia rose significantly to X tons in 2022, growing by 10% on 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, synthetic organic colouring matters imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Saudi Arabia (X tons) and France (X tons) were the main suppliers of synthetic organic colouring matters imports to Tunisia, together comprising 35% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +54.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) were the largest synthetic organic colouring matters suppliers to Tunisia, together accounting for 39% of total imports. Belgium, India, Turkey, Spain, Greece, Saudi Arabia, Switzerland, the United Arab Emirates, China and Croatia lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +53.5%, recorded 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 synthetic organic colouring matters import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Switzerland ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform