Tunisia: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Tunisia

The Tunisian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled $X in 2022, standing approx. at the previous year. In general, consumption recorded a mild setback. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Tunisia

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $X in 2022 estimated in export price. Overall, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 82%. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Tunisia

In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms were finally on the rise to reach X tons after six years of decline. The total export volume increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 32% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell slightly to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Tunisia, accounting for a 52% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Hong Kong SAR exceeded the volume sent to the second major destination, China (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.8% per year) and Italy (+12.7% per year).

In value terms, the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Tunisia were Hong Kong SAR ($X), Belgium ($X) and China ($X), with a combined 81% share of total exports.

Hong Kong SAR, with a CAGR of +13.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, waning by -4.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 10%. As a result, the export price attained the peak level of $X per ton, and then declined slightly 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 Belgium ($X per ton), while the average price for exports to Italy ($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 Belgium (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Tunisia

Imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into Tunisia soared to X tons in 2022, jumping by 17% compared with 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 130%. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Taiwan (Chinese) (X tons) and Egypt (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Tunisia, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Tunisia, comprising 58% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total imports. It was followed by Egypt, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+0.2% per year) and Egypt (+32.6% per year).

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, shrinking by -3.1% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform