Libya: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Libya

The Libyan market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) dropped remarkably to $X in 2022, with a decrease of -20.7% 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 showed a abrupt decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Libya

In 2021, the amount of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exported from Libya stood at X tons, flattening at 2020 figures. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 10,116% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) totaled $X in 2021. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2016 when exports increased by 14,511% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Senegal (X tons) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Libya, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Senegal was relatively modest.

From 2013 to 2021, the average annual rate of growth in terms of value to Senegal was relatively modest.

Export Prices by Country

In 2021, the average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a significant contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2013 to 2021, the rate of growth in terms of prices for Ireland amounted to 0.0% per year.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Libya

Imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) into Libya fell to X tons in 2022, with a decrease of -12% on 2021. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 80%. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) shrank rapidly to $X in 2022. Over the period under review, imports faced a deep contraction. The growth pace was the most rapid in 2016 with an increase of 108%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Libya, with a combined 90% share of total imports. Egypt, Spain, Austria, the United States and Italy lagged somewhat behind, together accounting for a further 8.3%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +12.0%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Libya, comprising 70% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-23.5% per year) and the United States (-18.3% per year).

Import Prices by Country

The average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, shrinking by -14.8% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :