Tunisia: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in Tunisia

The Tunisian iron and steel wire market totaled $X in 2022, stabilizing at the previous year. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Iron and Steel Wire in Tunisia

In value terms, iron and steel wire production declined to $X in 2022 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Iron and Steel Wire

Exports from Tunisia

In 2022, after two years of growth, there was significant decline in shipments abroad of iron and steel wire, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. 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, iron and steel wire exports reduced markedly to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Morocco (X tons) was the main destination for iron and steel wire exports from Tunisia, accounting for a X% share of total exports. Moreover, iron and steel wire exports to Morocco exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Egypt (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Morocco stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Egypt (X% per year).

In value terms, Morocco ($X) remains the key foreign market for iron and steel wire exports from Tunisia, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Morocco amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average iron and steel wire export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron and steel wire export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Algeria ($X per ton) and Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron and Steel Wire

Imports into Tunisia

In 2022, after three years of growth, there was significant decline in purchases abroad of iron and steel wire, when their volume decreased by X% to X tons. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, iron and steel wire imports totaled $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest iron and steel wire supplier to Tunisia, with a X% share of total imports. Moreover, iron and steel wire imports from Turkey exceeded the figures recorded by the second-largest supplier, Algeria (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of iron and steel wire to Tunisia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :