Libya: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Libya

The Libyan steel and iron articles market declined modestly to $X in 2022, waning by -3.7% against the previous year. Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Articles Of Iron Or Steel in Libya

In value terms, steel and iron articles production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 40%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Articles Of Iron Or Steel

Exports from Libya

Steel and iron articles exports from Libya dropped to X tons in 2022, which is down by -2% against the previous year's figure. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 5,507%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, steel and iron articles exports skyrocketed to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 2,761%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for steel and iron articles exports from Libya, with a 46% share of total exports. Moreover, steel and iron articles exports to Spain exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold. The third position in this ranking was held by France (X kg), with a 0.8% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +108.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+52.0% per year) and France (-15.5% per year).

In value terms, France ($X), Spain ($X) and Romania ($X) were the largest markets for steel and iron articles exported from Libya worldwide, with a combined 48% share of total exports.

Spain, with a CAGR of +70.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, growing by 29% against the previous year. In general, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 114%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 France (+3.7%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Iron Or Steel

Imports into Libya

In 2022, approx. X tons of articles of iron or steel were imported into Libya; shrinking by -18.4% against the year before. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 87% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, steel and iron articles imports contracted to $X in 2022. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 68%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Italy (X tons) were the main suppliers of steel and iron articles imports to Libya, together comprising 77% of total imports. Egypt, France and the United States lagged somewhat behind, together accounting for a further 6.4%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +52.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of articles of iron or steel to Libya, comprising 43% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Italy, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.1% per year) and Italy (-18.0% per year).

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, with an increase of 12% against the previous year. Overall, the import price recorded temperate growth. The growth pace was the most rapid in 2017 an increase of 72%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 Egypt ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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