Libya: Footwear Market 2024

Footwear Market Size in Libya

The Libyan footwear market shrank to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Footwear Exports

Exports from Libya

In 2022, exports of footwear from Libya shrank to X pairs, reducing by X% compared with 2021. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X pairs in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear exports shrank markedly to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X pairs) was the main destination for footwear exports from Libya, accounting for a X% share of total exports. Moreover, footwear exports to Switzerland exceeded the volume sent to the second major destination, Spain (X pairs), fivefold. The third position in this ranking was taken by the United Arab Emirates (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the United Arab Emirates (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for footwear exports from Libya, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Italy (X% per year).

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, declining by X% against the previous year. In general, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per pair, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per pair), while the average price for exports to Switzerland ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Libya

In 2022, approx. X pairs of footwear were imported into Libya; reducing by X% against the previous year's figure. Over the period under review, imports recorded a pronounced setback. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X pairs in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, footwear imports shrank to $X in 2022. Overall, imports recorded a slight slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X pairs) constituted the largest supplier of footwear to Libya, accounting for a X% share of total imports. Moreover, footwear imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X pairs), threefold. Thailand (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Libya, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, surging by X% against the previous year. In general, the import price showed a temperate increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per pair in 2015; however, from 2016 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 Italy ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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