Libya: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Libya

The Libyan market for plastics pipes and pipe fittings shrank markedly to $X in 2022, which is down by -18.4% 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 saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Libya

Plastics pipe and pipe fitting exports from Libya rose to X tons in 2022, picking up by 2.7% against the previous year. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 118%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports reduced to $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 479%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons) was the main destination for plastics pipe and pipe fitting exports from Libya, accounting for a 75% share of total exports. Moreover, plastics pipe and pipe fitting exports to Tunisia exceeded the volume sent to the second major destination, Malta (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Tunisia totaled +21.1%.

In value terms, Tunisia ($X) emerged as the key foreign market for plastics pipes and pipe fittings exports from Libya, comprising 69% of total exports. The second position in the ranking was taken by Malta ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia totaled +55.5%.

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, declining by -14.7% against the previous year. Over the period under review, the export price, however, enjoyed modest growth. The pace of growth was the most pronounced in 2019 an increase of 166% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas 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 Tunisia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+28.4%).

Imports of Plastics Pipes And Pipe Fittings

Imports into Libya

In 2022, imports of plastics pipes and pipe fittings into Libya reduced sharply to X tons, shrinking by -15.8% against 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 184% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plastics pipe and pipe fitting imports plummeted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 151%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest plastics pipe and pipe fitting supplier to Libya, accounting for a 52% share of total imports. Moreover, plastics pipe and pipe fitting imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+0.4% per year) and China (+3.7% per year).

In value terms, the largest plastics pipe and pipe fitting suppliers to Libya were Turkey ($X), Egypt ($X) and China ($X), together comprising 76% of total imports. Italy, India, Oman and South Korea lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, India, with a CAGR of +5.5%, 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

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, dropping by -3.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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