Libya: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Libya

The Libyan market for mattresses other than of cellular rubber or plastics declined remarkably to $X in 2022, which is down by -25.5% 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). Over the period under review, consumption recorded a deep contraction. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Libya

In 2022, exports of mattresses other than of cellular rubber or plastics from Libya dropped notably to X units, shrinking by -42.9% on the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 3,025% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of mattresses other than of cellular rubber or plastics fell remarkably to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 9,549% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units), Ghana (X units) and Canada (X units) were the main destinations of exports of mattresses other than of cellular rubber or plastics from Libya. Moreover, exports of mattresses other than of cellular rubber or plastics in Niger exceeded the figures recorded by the second-largest exporter, Ghana, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Ghana ($X) and Canada ($X) constituted the largest markets for mattresses other than of cellular rubber or plastics exported from Libya worldwide, together comprising 99.9% of total exports.

Ghana, with a CAGR of +46.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, growing by 14% against the previous year. In general, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 209% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+46.6%).

Imports of Mattresses other than of cellular rubber or plastics

Imports into Libya

In 2022, the amount of mattresses other than of cellular rubber or plastics imported into Libya dropped sharply to X units, waning by -37.2% against 2021 figures. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by 172% against the previous year. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics reduced dramatically to $X in 2022. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 96% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Libya, accounting for a 47% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from Egypt exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Spain (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt stood at +50.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.3% per year) and Spain (+2.7% per year).

In value terms, Italy ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Libya, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total imports. It was followed by Egypt, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.1% per year) and Egypt (+42.7% per year).

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, with an increase of 27% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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