Libya: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Libya

The Libyan market for iron, steel or aluminium reservoirs, tanks, vats and similar containers declined remarkably to $X in 2020, reducing 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). In general, consumption saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Libya

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. from 2015 to 2020, the growth exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports surged to $X in 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Italy (X tons) was the main destination for iron, steel or aluminium reservoir exports from Libya, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Italy exceeded the volume sent to the second major destination, Malta (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume to Italy amounted to +X%.

In value terms, Malta ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Libya, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Malta totaled +X%.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Malta ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malta.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Libya

Iron, steel or aluminium reservoir imports into Libya declined dramatically to X tons in 2020, waning by -X% on 2019. Overall, imports saw a pronounced slump. The growth pace was the most rapid in 2019 when imports increased by X% y-o-y. Imports peaked at X tons in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports dropped dramatically to $X in 2020. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Spain (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Libya, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Libya were China ($X), India ($X) and Turkey ($X), with a combined X% share of total imports.

India 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 more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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