Report Update Nov 1, 2024

Libya - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Metal Furniture Lock Market 2024

Metal Furniture Lock Market Size in Libya

The Libyan metal furniture lock market declined remarkably to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a dramatic contraction. Metal furniture lock consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Furniture Lock Exports

Exports from Libya

In 2018, overseas shipments of base metal furniture locks decreased by X% to X kg for the first time since 2015, thus ending a two-year declining trend. In general, exports faced a precipitous curtailment. The smallest decline of X% was in 2016. The exports peaked at X kg in 2015; however, from 2016 to 2018, the exports failed to regain momentum.

In value terms, metal furniture lock exports totaled $X in 2018. Over the period under review, exports enjoyed a significant expansion. The smallest decline of X% was in 2016. The exports peaked in 2018 and are likely to continue growth in years to come.

Exports by Country

China (X kg) was the main destination for metal furniture lock exports from Libya, with a approx. X% share of total exports.

From 2015 to 2018, the average annual growth rate of volume to China was relatively modest.

From 2015 to 2018, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

The average metal furniture lock export price stood at $X per ton in 2018, remaining relatively unchanged against the previous year. Over the period under review, the export price posted significant growth. The most prominent rate of growth was recorded in 2016 when the average export price decreased by X%. Over the period under review, the average export prices reached the peak figure in 2018 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2015 to 2018, the rate of growth in terms of prices for China amounted to X% per year.

Metal Furniture Lock Imports

Imports into Libya

Metal furniture lock imports into Libya shrank sharply to X tons in 2022, falling by X% against 2021. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal furniture lock imports contracted rapidly to $X in 2022. Over the period under review, imports showed a sharp slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X kg) were the main suppliers of metal furniture lock imports to Libya, together comprising X% of total imports.

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

In value terms, the largest metal furniture lock suppliers to Libya were China ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total imports.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average metal furniture lock import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal furniture locks in the world?

China remains the largest metal furniture lock consuming country worldwide, accounting for 29% of total volume. Moreover, metal furniture lock consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of base metal furniture locks in the world?

China constituted the country with the largest volume of metal furniture lock production, accounting for 67% of total volume. Moreover, metal furniture lock production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by the United States, with a 3.8% share.

What are the leading suppliers of base metal furniture locks to Libya?

In value terms, China constituted the largest supplier of metal furniture lock to Libya, comprising 87% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 1.7% share of total imports.

What is the average export price for base metal furniture locks in Libya?

In 2018, the average metal furniture lock export price amounted to $4,333 per ton, flattening at the previous year.

What is the average import price for base metal furniture locks in Libya?

The average metal furniture lock import price stood at $3,634 per ton in 2021, falling by -9.3% against the previous year.

This report provides an in-depth analysis of the metal furniture lock 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 25721170 - Base metal furniture locks

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023