Libya - Electric Smoothing Irons - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLibya: Smoothing Iron Market 2024
Smoothing Iron Market Size in Libya
In 2021, the Libyan smoothing iron market decreased by -14.7% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a slight decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.
Smoothing Iron Exports
Exports from Libya
Smoothing iron exports from Libya expanded rapidly to X units in 2021, picking up by 9.1% on the year before. In general, exports saw measured growth. The most prominent rate of growth was recorded in 2014 when exports increased by 225%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
In value terms, smoothing iron exports skyrocketed to $X in 2021. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 368% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.
Exports by Country
Ghana (X units) was the main destination for smoothing iron exports from Libya, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana stood at +4.6%.
In value terms, Ghana ($X) also remains the key foreign market for electric smoothing irons exports from Libya.
From 2012 to 2021, the average annual growth rate of value to Ghana stood at +14.3%.
Export Prices by Country
The average smoothing iron export price stood at $X per unit in 2021, with an increase of 9.2% against the previous year. In general, the export price saw buoyant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 82%. The export price peaked in 2021 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2021, the rate of growth in terms of prices for Sudan amounted to +50.7% per year.
Smoothing Iron Imports
Imports into Libya
In 2021, supplies from abroad of electric smoothing irons decreased by -28.2% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 177% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, smoothing iron imports shrank to $X in 2021. Over the period under review, imports showed a noticeable slump. The pace of growth was the most pronounced in 2018 with an increase of 105%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X units) constituted the largest smoothing iron supplier to Libya, with a 87% share of total imports. Moreover, smoothing iron imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. France (X units) ranked third in terms of total imports with a 2.1% share.
From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.8% per year) and France (+6.7% per year).
In value terms, China ($X) constituted the largest supplier of electric smoothing irons to Libya, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with a 6% share of total imports. It was followed by France, with a 5.4% share.
From 2012 to 2021, the average annual growth rate of value from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+31.9% per year) and France (+4.3% per year).
Import Prices by Country
In 2021, the average smoothing iron import price amounted to $X per unit, surging by 35% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 64%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.1%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the smoothing iron market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512370 - Electric smoothing irons
Country coverage:
- Libya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Libya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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