Tunisia: Market for Petroleum Lubricating Oil And Grease 2024

Market Size for Petroleum Lubricating Oil And Grease in Tunisia

In 2022, the Tunisian market for petroleum lubricating oil and grease increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Petroleum lubricating oil and grease consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Petroleum Lubricating Oil And Grease in Tunisia

In value terms, petroleum lubricating oil and grease production rose remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports from Tunisia

In 2022, after two years of decline, there was significant decline in shipments abroad of petroleum lubricating oil and grease, when their volume decreased by X% to X tons. Over the period under review, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, petroleum lubricating oil and grease exports fell dramatically to $X in 2022. Overall, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Algeria (X tons) was the main destination for petroleum lubricating oil and grease exports from Tunisia, accounting for a X% share of total exports. Moreover, petroleum lubricating oil and grease exports to Algeria exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Senegal (X% per year).

In value terms, the largest markets for petroleum lubricating oil and grease exported from Tunisia were Algeria ($X), Saudi Arabia ($X) and Senegal ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for petroleum lubricating oil and grease amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a mild expansion. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Algeria ($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 Senegal (X%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Lubricating Oil And Grease

Imports into Tunisia

In 2022, supplies from abroad of petroleum lubricating oil and grease increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, petroleum lubricating oil and grease imports surged to $X in 2022. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of petroleum lubricating oil and grease imports to Tunisia, with a combined X% share of total imports. Spain, the Netherlands, Italy and Egypt lagged somewhat behind, together comprising a further X%.

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

In value terms, Belgium ($X), France ($X) and Germany ($X) appeared to be the largest petroleum lubricating oil and grease suppliers to Tunisia, together accounting for X% of total imports.

Among the main suppliers, Belgium, with a CAGR of X%, recorded 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 import price for petroleum lubricating oil and grease amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 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 ($X per ton), while the price for the Netherlands ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform