Tunisia: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Tunisia

In 2022, the Tunisian asphalt or bitumen article market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a perceptible reduction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Asphalt or Bitumen Articles in Tunisia

In value terms, asphalt or bitumen article production dropped remarkably to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Tunisia

After four years of decline, overseas shipments of asphalt or bitumen articles decreased by X% to X tons in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, asphalt or bitumen article exports reached $X in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Gabon (X tons), Niger (X tons) and Chad (X tons) were the main destinations of asphalt or bitumen article exports from Tunisia, together comprising X% of total exports. Congo, Benin, Cameroon, Equatorial Guinea, Burkina Faso, Senegal, Madagascar, Lebanon, Libya and Mali lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of X.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for asphalt or bitumen article exported from Tunisia were Gabon ($X), Niger ($X) and Chad ($X), together accounting for X% of total exports. Congo, Equatorial Guinea, Burkina Faso, Benin, Cameroon, Senegal, Libya, Madagascar, Mali and Lebanon lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Madagascar, with a CAGR of X.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average asphalt or bitumen article export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Imports of Asphalt or Bitumen Articles

Imports into Tunisia

In 2022, supplies from abroad of asphalt or bitumen articles decreased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, asphalt or bitumen article imports expanded markedly to $X in 2022. In general, imports continue to indicate a pronounced descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X tons) constituted the largest asphalt or bitumen article supplier to Tunisia, accounting for a X% share of total imports. Moreover, asphalt or bitumen article imports from Egypt exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, Egypt ($X), Italy ($X) and Turkey ($X) were the largest asphalt or bitumen article suppliers to Tunisia, together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average asphalt or bitumen article import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Egypt ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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