Tunisia: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Tunisia

In 2022, the Tunisian ride-on compaction equipment market decreased by -5.2% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ride-On Compaction Equipment Production in Tunisia

In value terms, ride-on compaction equipment production reached $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 42%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from Tunisia

In 2022, the amount of ride-on compaction equipment exported from Tunisia surged to X units, jumping by 800% on 2021 figures. In general, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ride-on compaction equipment exports soared to $X in 2022. Overall, exports saw a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,227%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Libya (X units) was the main destination for ride-on compaction equipment exports from Tunisia, with a 80% share of total exports. Moreover, ride-on compaction equipment exports to Libya exceeded the volume sent to the second major destination, Canada (X units), eightfold. The third position in this ranking was held by Algeria (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya amounted to +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (0.0% per year) and Algeria (+14.9% per year).

In value terms, Libya ($X) emerged as the key foreign market for ride-on compaction equipment exports from Tunisia, comprising 57% of total exports. The second position in the ranking was taken by Algeria ($X), with a 17% share of total exports. It was followed by Canada, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Libya stood at +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+16.4% per year) and Canada (0.0% per year).

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, waning by -43.1% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 262%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to Libya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Tunisia

In 2022, imports of ride-on compaction equipment into Tunisia shrank remarkably to X units, which is down by -48.6% compared with the year before. Over the period under review, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 188%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, ride-on compaction equipment imports declined remarkably to $X in 2022. Overall, imports faced a precipitous decrease. The pace of growth appeared the most rapid in 2016 with an increase of 84%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), France (X units) and Turkey (X units) were the main suppliers of ride-on compaction equipment imports to Tunisia, with a combined 79% share of total imports. Bulgaria, Italy and China lagged somewhat behind, together accounting for a further 21%. Moreover, ride-on compaction equipment imports in Germany exceeded the figures recorded by the second-largest supplier, France, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +100.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Tunisia, comprising 82% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Bulgaria, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-24.2% per year) and Bulgaria (+175.6% per year).

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, waning by -34.1% against the previous year. Overall, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2017 an increase of 70%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+37.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform