Libya: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Libya

The Libyan silicon-electrical steel flat-rolled product market declined modestly to $X in 2021, with a decrease of -2.8% against the previous year. Over the period under review, consumption, however, recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Libya

In value terms, silicon-electrical steel flat-rolled product production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The growth pace was the most rapid in 2017 when the production volume increased by 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Libya

In 2017, silicon-electrical steel flat-rolled product exports from Libya was estimated at X tons, approximately reflecting 2016 figures. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2017 and are expected to retain growth in the near future.

In value terms, silicon-electrical steel flat-rolled product exports amounted to $X in 2017. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure in 2017 and are likely to see gradual growth in the near future.

Exports by Country

Tunisia (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Libya, accounting for a approx. 100% share of total exports.

From 2016 to 2017, the average annual rate of growth in terms of volume to Tunisia was relatively modest.

In value terms, Tunisia ($X) also remains the key foreign market for flat-rolled products of silicon-electrical steel exports from Libya.

From 2016 to 2017, the average annual rate of growth in terms of value to Tunisia was relatively modest.

Export Prices by Country

In 2017, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2017 and is expected to retain growth in years to come.

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

From 2016 to 2017, the rate of growth in terms of prices for Tunisia amounted to 0.0% per year.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Libya

In 2019, supplies from abroad of flat-rolled products of silicon-electrical steel decreased by 0% to X tons, falling for the second consecutive year after two years of decline. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of 2,195% against the previous year. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in years to come.

In value terms, silicon-electrical steel flat-rolled product imports stood at $X in 2019. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 2,864%. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Egypt (X tons) was the main supplier of silicon-electrical steel flat-rolled product to Libya, with a approx. 100% share of total imports.

From 2013 to 2019, the average annual growth rate of volume from Egypt was relatively modest.

In value terms, Egypt ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Libya.

From 2013 to 2019, the average annual rate of growth in terms of value from Egypt was relatively modest.

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2019, flattening at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2019, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Egypt.

From 2013 to 2019, the rate of growth in terms of prices for Italy amounted to +2.0% per year.

Source: IndexBox Platform

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