Libya: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Libya

In 2022, the Libyan metal domestic furniture market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Metal domestic furniture consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Domestic Furniture Exports

Exports from Libya

In 2022, overseas shipments of metal furniture increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal domestic furniture exports reached $X in 2022. In general, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) was the main destination for metal domestic furniture exports from Libya, with a X% share of total exports. Moreover, metal domestic furniture exports to Tunisia exceeded the volume sent to the second major destination, Malta (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Tunisia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (X% per year) and Ghana (X% per year).

In value terms, Tunisia ($X) remains the key foreign market for metal furniture exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Malta ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Tunisia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average metal domestic furniture export price amounted to $X per ton, declining by X% against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Metal Domestic Furniture Imports

Imports into Libya

In 2022, purchases abroad of metal furniture decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a slight decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal domestic furniture imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal domestic furniture imports to Libya, with a combined X% share of total imports. Slovakia, Tunisia and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal domestic furniture suppliers to Libya were China ($X), Turkey ($X) and Italy ($X), together accounting for X% of total imports. Tunisia, Slovakia and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal domestic furniture import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal domestic furniture import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Slovakia ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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