Tunisia: Propylene Glycol Market 2024

Propylene Glycol Market Size in Tunisia

The Tunisian propylene glycol market shrank rapidly to $X in 2022, with a decrease of -20% 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). Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +17.8% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Propylene Glycol Exports

Exports from Tunisia

In 2022, after four years of growth, there was decline in overseas shipments of propylene glycol (propane-1,2-diol), when their volume decreased by -1.3% to X tons. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 476% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, propylene glycol exports shrank modestly to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 378% against the previous year. The exports peaked at $X in 2021, and then declined modestly in the following year.

Exports by Country

Algeria (X tons), Morocco (X tons) and Libya (X tons) were the main destinations of propylene glycol exports from Tunisia, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Morocco ($X) and Libya ($X) constituted the largest markets for propylene glycol exported from Tunisia worldwide, together accounting for 91% of total exports.

Among the main countries of destination, Algeria, with a CAGR of +31.1%, recorded the highest growth rate of 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

The average propylene glycol export price stood at $X per ton in 2022, falling by -1.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Congo ($X per ton), while the average price for exports to Morocco ($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 (+1.3%), while the prices for the other major destinations experienced a decline.

Propylene Glycol Imports

Imports into Tunisia

In 2022, imports of propylene glycol (propane-1,2-diol) into Tunisia fell significantly to X tons, which is down by -21.7% on the previous year's figure. Overall, total imports indicated a measured increase from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2018 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, propylene glycol imports shrank markedly to $X in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 61%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Belgium (X tons) were the main suppliers of propylene glycol imports to Tunisia, together accounting for 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene glycol suppliers to Tunisia were China ($X), South Korea ($X) and Belgium ($X), with a combined 87% share of total imports.

South Korea, with a CAGR of +36.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 propylene glycol import price amounted to $X per ton, picking up by 3.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 41% 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.

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 Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform