Libya: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Libya

The Libyan rubber-to-metal and moulded article market surged to $X in 2021, increasing by 50% 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 recorded a modest increase. Rubber-to-metal and moulded article consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Libya

In 2021, shipments abroad of rubber-to-metal and moulded articles increased by 38% to X kg, rising for the fifth year in a row after three years of decline. In general, exports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 73% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article exports skyrocketed to $X in 2021. Overall, exports, however, showed a sharp shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for rubber-to-metal and moulded article exports 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 the UK was relatively modest.

In value terms, the UK ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Libya, comprising 96% of total exports. The second position in the ranking was taken by Thailand ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled -3.1%.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 41%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Thailand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.0%), while the prices for the other major destinations experienced a decline.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Libya

Rubber-to-metal and moulded article imports into Libya skyrocketed to X tons in 2021, picking up by 63% compared with 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 148% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. Overall, imports showed a noticeable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 107%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Libya, with a combined 75% share of total imports. Thailand, the United Arab Emirates, Egypt, Malaysia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) constituted the largest rubber-to-metal and moulded article suppliers to Libya, with a combined 63% share of total imports. These countries were followed by the United Arab Emirates, Thailand, Malaysia, Egypt and Taiwan (Chinese), which together accounted for a further 10%.

Among the main suppliers, Egypt, with a CAGR of +43.7%, saw 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

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, falling by -12.4% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber-to-metal and moulded article import price decreased by -35.9% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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 China ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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