Tunisia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Tunisia

The Tunisian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022, declining by -5.2% against the previous year. Overall, consumption, however, recorded buoyant growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Tunisia

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 74% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Tunisia

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -74.5% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 76%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Tunisia, accounting for a 31% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Turkey exceeded the volume sent to the second major destination, Austria (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-12.3% per year) and Germany (0.0% per year).

In value terms, Turkey ($X) emerged as the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Tunisia, comprising 23% of total exports. The second position in the ranking was held by Austria ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-12.6% per year) and Germany (+42.7% per year).

Export Prices by Country

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, rising by 239% against the previous year. Over the period under review, the export price posted resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Austria ($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 India (+73.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Tunisia

In 2022, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Tunisia surged to X units, increasing by 31% against the previous year. In general, imports recorded noticeable growth. The pace of growth was the most pronounced in 2016 with an increase of 65%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 87%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) constituted the largest agricultural, construction and industrial machinery tyre supplier to Tunisia, accounting for a 44% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Sri Lanka (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.8% per year) and Sri Lanka (+3.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Tunisia, comprising 36% of total imports. The second position in the ranking was held by China ($X), with a 9.3% share of total imports. It was followed by the Czech Republic, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.5% per year) and the Czech Republic (-3.7% per year).

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 56%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform