Libya: Toy Market 2024

Toy Market Size in Libya

The Libyan toy market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.7% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Toy Production in Libya

In value terms, toy production dropped to $X in 2021 estimated in export price. In general, production, however, posted a resilient increase. The growth pace was the most rapid in 2015 with an increase of 104%. Toy production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Toy Exports

Exports from Libya

In 2021, overseas shipments of dolls and toys were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 302% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, toy exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 422% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey (X kg) was the main destination for toy exports from Libya, with a 14% share of total exports. Moreover, toy exports to Turkey exceeded the volume sent to the second major destination, Ghana (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +51.0%.

In value terms, Turkey ($X) remains the key foreign market for dolls and toys exports from Libya, comprising 27% of total exports. The second position in the ranking was taken by Ghana ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +46.2%.

Export Prices by Country

In 2021, the average toy export price amounted to $X per ton, surging by 25% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 30%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+15.3%), while the prices for the other major destinations experienced mixed trend patterns.

Toy Imports

Imports into Libya

In 2021, approx. X tons of dolls and toys were imported into Libya; surging by 13% on the year before. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of 134%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, toy imports surged to $X in 2021. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 127% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest toy supplier to Libya, with a 73% share of total imports. Moreover, toy imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.4% per year) and the United Arab Emirates (-6.8% per year).

In value terms, China ($X) constituted the largest supplier of dolls and toys to Libya, comprising 67% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.7% per year) and the United Arab Emirates (-7.6% per year).

Import Prices by Country

In 2021, the average toy import price amounted to $X per ton, picking up by 9.1% against the previous year. In general, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51%. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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