Tunisia: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Tunisia

The Tunisian plastic ornamental articles market rose significantly to $X in 2022, surging by 13% 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). Over the period under review, consumption posted a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Plastic Ornamental Articles Exports

Exports from Tunisia

In 2022, overseas shipments of statuettes and other ornamental articles of plastic decreased by -5% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 181%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic ornamental articles exports totaled $X in 2022. Overall, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of 204% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for plastic ornamental articles exports from Tunisia, with a 50% share of total exports. Moreover, plastic ornamental articles exports to China exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X kg), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-13.3% per year) and the United Arab Emirates (+72.0% per year).

In value terms, China ($X) emerged as the key foreign market for statuettes and other ornamental articles of plastic exports from Tunisia, comprising 69% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-19.3% per year) and South Korea (-7.6% per year).

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, surging by 8.6% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles export price increased by +116.2% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 59% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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 South Korea ($X per ton), while the average price for exports to Algeria ($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 India (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Tunisia

In 2022, imports of statuettes and other ornamental articles of plastic into Tunisia rose sharply to X tons, with an increase of 14% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 173%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic ornamental articles imports expanded significantly to $X in 2022. Overall, imports saw a strong increase. The growth pace was the most rapid in 2020 when imports increased by 404% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Tunisia, accounting for a 71% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+55.8% per year) and France (+33.2% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Tunisia, comprising 76% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+49.0% per year) and France (+20.4% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, falling by -1.6% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 84% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform