Libya: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Libya

The Libyan market for bottles, jars and other containers of glass declined dramatically to $X in 2021, reducing by -26.6% against the previous year. In general, consumption, however, recorded buoyant growth. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Libya

In value terms, glass bottle, jar and container production reduced remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 122% against the previous year. As a result, production reached the peak level of $X, and then contracted rapidly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Libya

For the third year in a row, Libya recorded decline in shipments abroad of bottles, jars and other containers of glass, which decreased by 0% to X units in 2021. Over the period under review, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 756% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports totaled $X in 2021. Overall, exports showed tangible growth. The growth pace was the most rapid in 2013 when exports increased by 751% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for glass bottle, jar and container exports from Libya, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2013 a decrease of -0.5% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Libya

Glass bottle, jar and container imports into Libya soared to X units in 2021, with an increase of 30% on the previous year's figure. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 56%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container imports surged to $X in 2021. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 60%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Egypt (X units) constituted the largest supplier of glass bottle, jar and container to Libya, with a 76% share of total imports. Moreover, glass bottle, jar and container imports from Egypt exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Oman (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.5% per year) and Oman (0.0% per year).

In value terms, the largest glass bottle, jar and container suppliers to Libya were Egypt ($X), China ($X) and India ($X), with a combined 94% share of total imports.

Among the main suppliers, Egypt, with a CAGR of +24.9%, saw the highest rates of growth with regard to 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 import price for bottles, jars and other containers of glass amounted to $X per unit, rising by 11% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass bottle, jar and container import price increased by +70.6% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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