Tunisia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Tunisia

In 2022, the Tunisian phosphinates and phosphonates market decreased by -9.4% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +77.2% against 2016 indices. Phosphinates and phosphonates consumption peaked at $X in 2021, and then dropped in the following year.

Phosphinates And Phosphonates Production in Tunisia

In value terms, phosphinates and phosphonates production fell to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The growth pace was the most rapid in 2016 when the production volume increased by 124%. Phosphinates and phosphonates production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports from Tunisia

In 2022, phosphinates and phosphonates exports from Tunisia shrank to X tons, declining by -10.8% compared with 2021 figures. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2016 with an increase of 981%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports shrank to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,138% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) and Morocco (X tons) were the main destinations of phosphinates and phosphonates exports from Tunisia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +28.1%).

In value terms, Saudi Arabia ($X) remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Tunisia, comprising 80% of total exports. The second position in the ranking was taken by Morocco ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +29.0%.

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, dropping by -1.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 68%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Morocco stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.7%).

Phosphinates And Phosphonates Imports

Imports into Tunisia

In 2022, purchases abroad of phosphinates (hypophosphites) and phosphonates (phosphites) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 383% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 330% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest phosphinates and phosphonates supplier to Tunisia, with a 70% share of total imports. Moreover, phosphinates and phosphonates imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Spain (X kg) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.7% per year) and Spain (-11.3% per year).

In value terms, Italy ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Tunisia, comprising 84% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Spain, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.7% per year) and Spain (-5.5% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, surging by 70% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for China ($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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform