Libya: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Libya

The Libyan market for gravel, pebbles and crushed stone for concrete and road aggregates declined slightly to $X in 2021, approximately mirroring the previous year. Overall, consumption, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by 4.1%. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Libya

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates dropped to $X in 2021 estimated in export price. In general, production, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of 7.7%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports from Libya

In 2021, shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates increased by 120,304% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,271%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Libya, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt was relatively modest.

Export Prices by Country

The average export price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, shrinking by -99.8% against the previous year. Over the period under review, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5,794%. The export price peaked at $X per ton in 2020, and then dropped significantly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Tunisia amounted to +21.7% per year.

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports into Libya

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates imported into Libya surged to X tons, increasing by 198% on 2020 figures. Overall, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Tunisia (X tons) constituted the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier to Libya, accounting for a 72% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Tunisia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Tunisia amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.0% per year) and Spain (+29.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Libya, comprising 53% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 21% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (-8.3% per year) and Spain (+18.1% per year).

Import Prices by Country

The average import price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, with an increase of 8.7% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 54%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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