Report Update Jan 1, 2025

Libya - Aluminum - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Aluminum Market 2025

Aluminum Market Size in Libya

In 2021, the Libyan aluminum market decreased by -25.5% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a abrupt decline. Aluminum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Aluminum Production in Libya

In value terms, aluminum production expanded to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 11%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Aluminum Exports

Exports from Libya

In 2021, overseas shipments of aluminum increased by 48% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 159% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminum exports soared to $X in 2021. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 153%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for aluminum exports from Libya, accounting for a 79% share of total exports. Moreover, aluminum exports to Turkey exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was taken by Thailand (X tons), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+10.3% per year) and Thailand (+23.2% per year).

In value terms, Turkey ($X) remains the key foreign market for aluminum exports from Libya, comprising 85% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9.3% share of total exports. It was followed by China, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.9% per year) and China (-3.5% per year).

Export Prices by Country

The average aluminum export price stood at $X per ton in 2021, picking up by 49% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into Libya

In 2021, overseas purchases of aluminum decreased by -82.3% to X tons, falling for the fourth consecutive year after four years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 143%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, aluminum imports declined rapidly to $X in 2021. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 165% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Egypt (X tons) and the United Arab Emirates (X tons) were the main suppliers of aluminum imports to Libya, with a combined 96% share of total imports. These countries were followed by the UK, which accounted for a further 3.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +12.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest aluminum suppliers to Libya were Turkey ($X), Egypt ($X) and the UK ($X), together comprising 96% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +8.6%, 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 mixed trend patterns.

Import Prices by Country

The average aluminum import price stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the import price, however, saw a noticeable descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum in the world?

China constituted the country with the largest volume of aluminum consumption, accounting for 58% of total volume. Moreover, aluminum consumption in China exceeded the figures recorded by the second-largest consumer, the United States, tenfold. Japan ranked third in terms of total consumption with a 3% share.

What are the largest producers of aluminum in the world?

China constituted the country with the largest volume of aluminum production, accounting for 56% of total volume. Moreover, aluminum production in China exceeded the figures recorded by the second-largest producer, Russia, tenfold. India ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of aluminum to Libya?

In value terms, Turkey constituted the largest supplier of aluminum to Libya, comprising 79% of total imports. The second position in the ranking was occupied by Egypt, with a 21% share of total imports.

What are the leading importers of aluminum from Libya?

In value terms, Turkey remains the key foreign market for aluminum exports from Libya, comprising 71% of total exports. The second position in the ranking was occupied by South Korea, with an 18% share of total exports. It was followed by Thailand, with a 5% share.

What is the average export price for aluminum in Libya?

In 2020, the average aluminum export price amounted to $1,330 per ton, waning by -15.9% against the previous year.

What is the average import price for aluminum in Libya?

The average aluminum import price stood at $2,438 per ton in 2020, which is down by -2.9% against the previous year.

This report provides an in-depth analysis of the aluminum market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024