Export risk
SCB released modest figures. Q4 2015 sales reported a decline by 3.8% to TND16.380M, due to the absence of the export market. The neighboring markets suffered during Q4 2015. The lack of demand in Libya is not a surprise and even the uncertainties related to the Algerian market were expected. Even for the local market, 2015 was disappointing, especially in Q4 2015 (+ 0.6% to TND16.380M). For the whole year, sales increased by 1.8% to TND57.177M, mainly driven by the domestic market (+14.8% to TND56.934M).
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