Tunisia: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Tunisia

The Tunisian market for processed petroleum oils and distillates fell to $X in 2022, which is down by -2.5% against the previous year. Overall, consumption, however, showed a pronounced setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Processed Petroleum Oils and Distillates in Tunisia

In value terms, processed petroleum oils and distillates production reduced to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 28%. Processed petroleum oils and distillates production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Processed Petroleum Oils and Distillates

Exports from Tunisia

In 2022, the amount of processed petroleum oils and distillates exported from Tunisia fell remarkably to X tons, with a decrease of -32.3% on the year before. Overall, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 183%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates exports declined significantly to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 261% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Nigeria (X tons) and Italy (X tons) were the main destinations of processed petroleum oils and distillates exports from Tunisia, together accounting for 50% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +125.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for processed petroleum oils and distillates exports from Tunisia, comprising 35% of total exports. The second position in the ranking was held by Nigeria ($X), with a 10% share of total exports. It was followed by Italy, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+48.3% per year) and Italy (-2.1% per year).

Export Prices by Country

The average export price for processed petroleum oils and distillates stood at $X per ton in 2022, declining by -5.7% against the previous year. In general, the export price showed a deep slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 59%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the 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 Taiwan (Chinese) ($X per ton), while the average price for exports to the UK ($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 Taiwan (Chinese) (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Processed Petroleum Oils and Distillates

Imports into Tunisia

In 2022, supplies from abroad of processed petroleum oils and distillates was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports posted a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, processed petroleum oils and distillates imports reduced to $X in 2022. In general, imports, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of 81%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Greece (X tons) and Saudi Arabia (X tons) were the main suppliers of processed petroleum oils and distillates imports to Tunisia, with a combined 68% 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 Greece (with a CAGR of +33.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of processed petroleum oils and distillates to Tunisia, comprising 44% of total imports. The second position in the ranking was taken by Greece ($X), with a 20% share of total imports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+26.6% per year) and Saudi Arabia (+6.6% per year).

Import Prices by Country

The average import price for processed petroleum oils and distillates stood at $X per ton in 2022, shrinking by -15.2% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Gibraltar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform