Libya: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Libya

In 2021, the Libyan market for equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, consumption continues to indicate a temperate increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Libya

Scaffolding, shuttering, and propping equipment exports from Libya expanded markedly to X tons in 2021, picking up by 15% compared with the previous year. Over the period under review, exports recorded a mild expansion. The pace of growth appeared the most rapid in 2013 with an increase of 252%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports amounted to $X in 2021. In general, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by 152% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malta (X tons) and Egypt (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Libya.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malta (with a CAGR of +67.5%).

In value terms, Malta ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Libya, comprising 81% of total exports. The second position in the ranking was taken by Egypt ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malta totaled +75.7%.

Export Prices by Country

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, waning by -12.4% against the previous year. Overall, the export price, however, saw measured growth. The pace of growth was the most pronounced in 2018 an increase of 93%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Libya

In 2021, supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach X tons for the first time since 2013, thus ending a seven-year declining trend. In general, imports posted notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 170%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Over the period under review, imports posted a mild expansion. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Tunisia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Libya, together accounting for 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +42.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Tunisia ($X) and the United Arab Emirates ($X) were the largest scaffolding, shuttering, and propping equipment suppliers to Libya, with a combined 61% share of total imports.

The United Arab Emirates, with a CAGR of +40.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, surging by 23% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The growth pace was the most rapid in 2020 an increase of 55%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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