Libya: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Libya

The Libyan plastic household ware market soared to $X in 2021, rising by 86% 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). Overall, consumption continues to indicate a prominent increase. Plastic household ware consumption peaked in 2021 and is expected to retain growth in the near future.

Plastic Household Ware Exports

Exports from Libya

In 2021, the amount of plastics household articles and toilet articles exported from Libya contracted notably to X tons, waning by -20.7% on the previous year. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 388% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic household ware exports shrank rapidly to $X in 2021. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 87% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X kg), the UK (X kg) and Malta (X kg) were the main destinations of plastic household ware exports from Libya, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Tunisia ($X) remains the key foreign market for plastics household articles and toilet articles exports from Libya, comprising 53% of total exports. The second position in the ranking was held by Malta ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Tunisia stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (-5.1% per year) and the UK (0.0% per year).

Export Prices by Country

In 2021, the average plastic household ware export price amounted to $X per ton, waning by -27.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 164% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Tunisia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+42.8%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Household Ware Imports

Imports into Libya

In 2021, the amount of plastics household articles and toilet articles imported into Libya soared to X tons, increasing by 91% compared with the previous year's figure. In general, imports enjoyed a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic household ware imports skyrocketed to $X in 2021. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 90% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest plastic household ware supplier to Libya, with a 59% share of total imports. Moreover, plastic household ware imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Egypt (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.8% per year) and Egypt (+8.2% per year).

In value terms, Turkey ($X), China ($X) and Egypt ($X) were the largest plastic household ware suppliers to Libya, with a combined 88% share of total imports.

China, with a CAGR of +30.5%, recorded the highest growth rate of 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 2021, the average plastic household ware import price amounted to $X per ton, declining by -3.7% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic household ware import price decreased by -4.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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