Tunisia: Suspension System Market 2024

Suspension System Market Size in Tunisia

In 2022, after three years of decline, there was significant decline in the Tunisian suspension system market, when its value decreased by X% to $X. Over the period under review, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Suspension System Production in Tunisia

In value terms, suspension system production dropped remarkably to $X in 2022 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Suspension system production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Suspension System Exports

Exports from Tunisia

In 2022, after three years of decline, there was significant decline in shipments abroad of suspension systems, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, suspension system exports contracted to $X in 2022. Over the period under review, exports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

France (X tons) was the main destination for suspension system exports from Tunisia, accounting for a X% share of total exports. Moreover, suspension system exports to France exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was held by Morocco (X tons), with an X% share.

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

In value terms, France ($X) remains the key foreign market for suspension systems exports from Tunisia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Morocco, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the average suspension system export price amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Suspension System Imports

Imports into Tunisia

In 2022, purchases abroad of suspension systems increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, suspension system imports rose rapidly to $X in 2022. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of suspension system imports to Tunisia, with a combined X% share of total imports. Thailand, Poland, Italy, Germany, France, Japan and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest suspension system suppliers to Tunisia were China ($X), Turkey ($X) and Spain ($X), together accounting for X% of total imports. Poland, Thailand, France, Germany, Italy, Japan and Belgium lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average suspension system import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a pronounced contraction. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform