Tunisia: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Tunisia

The Tunisian vulcanised rubber seal market stood at $X in 2022, increasing by 13% against the previous year. Over the period under review, consumption saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Vulcanised Rubber Seal Production in Tunisia

In value terms, vulcanised rubber seal production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 100%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Vulcanised Rubber Seal Exports

Exports from Tunisia

In 2022, after three years of decline, there was significant growth in overseas shipments of seals of vulcanised rubber, when their volume increased by 13% to X tons. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 97%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal exports expanded significantly to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 207%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Morocco (X tons), France (X tons) and Algeria (X tons) were the main destinations of vulcanised rubber seal exports from Tunisia, with a combined 86% share of total exports. Libya and Germany lagged somewhat behind, together accounting for a further 7.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +14.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for seals of vulcanised rubber exports from Tunisia, comprising 51% of total exports. The second position in the ranking was held by Morocco ($X), with a 21% share of total exports. It was followed by Algeria, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+6.5% per year) and Algeria (-4.9% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, falling by -6.7% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Morocco ($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 France (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Tunisia

Vulcanised rubber seal imports into Tunisia declined to X tons in 2022, reducing by -4.6% against 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal imports fell to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Turkey (X tons), Germany (X tons) and France (X tons) were the main suppliers of vulcanised rubber seal imports to Tunisia, with a combined 63% share of total imports. Italy, China, the UK, South Korea, Spain and Portugal lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber seal suppliers to Tunisia were France ($X), Italy ($X) and Germany ($X), together accounting for 68% of total imports.

Among the main suppliers, Germany, with a CAGR of +14.3%, recorded the highest growth rate of the value of imports, 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 vulcanised rubber seal import price amounted to $X per ton, reducing by -4.2% against the previous year. In general, the import price, however, saw a pronounced expansion. The growth pace was the most rapid in 2020 when the average import price increased by 43%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform