Libya: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2025

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Libya

The Libyan oils from coal tar market totaled $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Oils from coal tar consumption peaked in 2021 and is likely to see gradual growth in years to come.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Libya

In value terms, oils from coal tar production declined to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 5%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Libya

In 2021, overseas shipments of oils and other products of the distillation of high temperature coal tar increased by 97% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 1,385% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, oils from coal tar exports totaled $X in 2021. In general, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by 3,299% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for oils from coal tar exports from Libya, with a 91% share of total exports. Moreover, oils from coal tar exports to the United States exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +2.5%.

In value terms, the United States ($X) emerged as the key foreign market for oils and other products of the distillation of high temperature coal tar exports from Libya, comprising 92% of total exports. The second position in the ranking was taken by Sweden ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average oils from coal tar export price stood at $X per ton in 2021, declining by -44.3% against the previous year. Over the period under review, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 281%. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.0%).

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Libya

In 2021, approx. X tons of oils and other products of the distillation of high temperature coal tar were imported into Libya; jumping by 231% against 2020 figures. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 3,485%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, oils from coal tar imports skyrocketed to $X in 2021. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 2,955% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Belgium (X tons) constituted the largest oils from coal tar supplier to Libya, accounting for a 51% share of total imports. Moreover, oils from coal tar imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +99.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.3% per year) and the United Arab Emirates (+40.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of oils and other products of the distillation of high temperature coal tar to Libya, comprising 41% of total imports. The second position in the ranking was taken by Spain ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +80.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.0% per year) and the United Arab Emirates (+30.4% per year).

Import Prices by Country

In 2021, the average oils from coal tar import price amounted to $X per ton, falling by -48.7% against the previous year. Over the period under review, the import price faced a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 77%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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