Libya: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Libya

The Libyan market for copper bars, rods and profiles reached $X in 2022, surging by 8.1% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. Copper bar, rod and profile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Libya

In value terms, copper bar, rod and profile production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 38%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Libya

After nine years of decline, shipments abroad of copper bars, rods and profiles increased by 7.6% to X tons in 2022. Over the period under review, exports, however, saw a sharp descent. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports expanded markedly to $X in 2022. Overall, exports, however, continue to indicate a sharp reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for copper bar, rod and profile exports from Libya, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at -12.7%.

In value terms, France ($X) also remains the key foreign market for copper bars, rods and profiles exports from Libya.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to -13.1%.

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2015 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -0.4% per year.

Imports of Copper Bars, Rods and Profiles

Imports into Libya

In 2022, copper bar, rod and profile imports into Libya rose notably to X tons, growing by 9% compared with the previous year's figure. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 155% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, copper bar, rod and profile imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 391% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest copper bar, rod and profile supplier to Libya, accounting for a 56% share of total imports. Moreover, copper bar, rod and profile imports from Turkey exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-20.0% per year) and Spain (+6.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of copper bars, rods and profiles to Libya, comprising 49% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-20.6% per year) and Italy (-8.2% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, waning by -6.3% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price decreased by -12.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 92%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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