Libya: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Libya

In 2021, the Libyan metal hot-worked helical spring market decreased by -10.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a deep reduction. Metal hot-worked helical spring consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Libya

In 2017, approx. X tons of iron or steel hot-worked helical springs were exported from Libya; therefore, remained relatively stable against the previous year. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 20,160% against the previous year. Over the period under review, the exports attained the peak figure in 2017 and are expected to retain growth in the near future.

In value terms, metal hot-worked helical spring exports totaled $X in 2017. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 21,224% against the previous year. The exports peaked in 2017 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X kg) was the main destination for metal hot-worked helical spring exports from Libya, with a 81% share of total exports. Moreover, metal hot-worked helical spring exports to the Netherlands exceeded the volume sent to the second major destination, Sudan (X kg), fourfold.

From 2014 to 2017, the average annual growth rate of volume to the Netherlands amounted to +36.2%.

In value terms, the Netherlands ($X) emerged as the key foreign market for iron or steel hot-worked helical springs exports from Libya, comprising 90% of total exports. The second position in the ranking was held by Sudan ($X), with a 9.7% share of total exports.

From 2014 to 2017, the average annual rate of growth in terms of value to the Netherlands stood at +153.6%.

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2017, approximately reflecting the previous year. Over the last three years, it increased at an average annual rate of +7.3%. The most prominent rate of growth was recorded in 2015 an increase of 17% against the previous year. Over the period under review, the average export prices hit record highs in 2017 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2017, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sudan stood at $X per ton.

From 2014 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+86.3%).

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Libya

In 2021, supplies from abroad of iron or steel hot-worked helical springs decreased by -29.4% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a deep reduction. The growth pace was the most rapid in 2018 with an increase of 644%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports stood at $X in 2021. Overall, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 345%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of metal hot-worked helical spring imports to Libya, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +24.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest metal hot-worked helical spring suppliers to Libya were China ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 68% share of total imports.

The United Arab Emirates, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, jumping by 54% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring import price increased by +109.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 60%. The import price peaked in 2021 and is expected to retain growth in the near future.

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 the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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