Tunisia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Tunisia

In 2022, after three years of growth, there was significant decline in the Tunisian unvulcanized rubber market, when its value decreased by -23% to $X. Over the period under review, consumption, however, posted a slight expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted remarkably in the following year.

Unvulcanized Rubber Exports

Exports from Tunisia

In 2022, shipments abroad of unvulcanized rubber and articles thereof was finally on the rise to reach X tons for the first time since 2013, thus ending a eight-year declining trend. Over the period under review, exports, however, continue to indicate a deep contraction. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, unvulcanized rubber exports skyrocketed to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Algeria (X tons) was the main destination for unvulcanized rubber exports from Tunisia, accounting for a 38% share of total exports. Moreover, unvulcanized rubber exports to Algeria exceeded the volume sent to the second major destination, Morocco (X tons), fivefold. Libya (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-10.7% per year) and Libya (-16.0% per year).

In value terms, Algeria ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from Tunisia, comprising 49% of total exports. The second position in the ranking was held by Morocco ($X), with a 5% share of total exports. It was followed by Cote d'Ivoire, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Algeria stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-6.6% per year) and Cote d'Ivoire (-0.4% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, rising by 98% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Libya ($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 Cote d'Ivoire (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Tunisia

In 2022, after two years of growth, there was significant decline in supplies from abroad of unvulcanized rubber and articles thereof, when their volume decreased by -22.9% to X tons. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 82% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted remarkably in the following year.

In value terms, unvulcanized rubber imports declined significantly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

Italy (X tons), Turkey (X tons) and France (X tons) were the main suppliers of unvulcanized rubber imports to Tunisia, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Turkey ($X) constituted the largest unvulcanized rubber suppliers to Tunisia, with a combined 63% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +25.3%, recorded the highest rates of growth with regard to 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

The average unvulcanized rubber import price stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price, however, recorded a slight reduction. The growth pace was the most rapid in 2018 when the average import price increased by 7.9% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform