Libya: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Libya

The Libyan bedding and furnishing article market surged to $X in 2021, with an increase of 37% 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). Overall, consumption, however, saw a abrupt shrinkage. Bedding and furnishing article consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Libya

In 2021, the amount of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exported from Libya skyrocketed to X kg, surging by 55% compared with the year before. In general, exports, however, saw a abrupt curtailment. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bedding and furnishing article exports soared to $X in 2021. Overall, exports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 42%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for bedding and furnishing article exports from Libya, accounting for a 66% share of total exports. Moreover, bedding and furnishing article exports to the UK exceeded the volume sent to the second major destination, Ghana (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+7.3% per year) and Egypt (-19.1% per year).

In value terms, the UK ($X), Ghana ($X) and Egypt ($X) appeared to be the largest markets for bedding and furnishing article exported from Libya worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, Ghana, with a CAGR of +23.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2021, dropping by -17.1% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Ghana ($X per ton), while the average price for exports to Egypt ($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 Jordan (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Libya

Bedding and furnishing article imports into Libya skyrocketed to X tons in 2021, with an increase of 35% against the previous year's figure. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 61%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bedding and furnishing article imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 115% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of bedding and furnishing article imports to Libya, with a combined 93% share of total imports. These countries were followed by Italy, which accounted for a further 2.6%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +8.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest bedding and furnishing article suppliers to Libya were Turkey ($X), China ($X) and the United Arab Emirates ($X), with a combined 84% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +7.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bedding and furnishing article import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform