Tunisia: Preserved Sardines Market 2024

Preserved Sardines Market Size in Tunisia

The Tunisian preserved sardines market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, saw a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Tunisia

In value terms, preserved sardines production fell to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 7.8% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from Tunisia

In 2022, the amount of sardines (prepared or preserved) exported from Tunisia dropped sharply to X tons, shrinking by -29.2% compared with the year before. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 153% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved sardines exports reduced dramatically to $X in 2022. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 105%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Libya (X tons) was the main destination for preserved sardines exports from Tunisia, with a 27% share of total exports. Moreover, preserved sardines exports to Libya exceeded the volume sent to the second major destination, Croatia (X tons), twofold. The third position in this ranking was taken by Suriname (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (-5.9% per year) and Suriname (+16.5% per year).

In value terms, Libya ($X), Croatia ($X) and Suriname ($X) constituted the largest markets for preserved sardines exported from Tunisia worldwide, with a combined 44% share of total exports. Mali, Benin, Madagascar, the Dominican Republic, Italy, Jordan, North Macedonia, Congo, France and Gambia lagged somewhat behind, together comprising a further 39%.

Gambia, with a CAGR of +18.9%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average preserved sardines export price amounted to $X per ton, rising by 5.2% against the previous year. Over the period under review, the export price, however, saw a slight setback. The growth pace was the most rapid in 2017 when the average export price increased by 5.5% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Gambia ($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 Mali (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into Tunisia

In 2022, purchases abroad of sardines (prepared or preserved) was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 91% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved sardines imports totaled $X in 2022. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 70%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Jordan (X tons) was the main supplier of preserved sardines to Tunisia, accounting for a 100% share of total imports. It was followed by France (X kg), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Jordan was relatively modest.

In value terms, Jordan ($X) constituted the largest supplier of sardines (prepared or preserved) to Tunisia, comprising 100% of total imports. The second position in the ranking was held by France ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Jordan was relatively modest.

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, shrinking by -4.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.4% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%).

Source: IndexBox Platform