Libya: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Libya

The Libyan market for prepared glues and other prepared adhesives soared to $X in 2021, with an increase of 159% 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 posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Libya

In 2021, overseas shipments of prepared glues and other prepared adhesives were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 256% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 121% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Tunisia (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Libya, with a 158% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Tunisia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Tunisia amounted to +30.2%.

In value terms, Tunisia ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Libya, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Tunisia stood at -2.7%.

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, increasing by 33% against the previous year. Over the period under review, the export price, however, faced a deep reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Tunisia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (-25.3%).

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Libya

In 2021, the amount of prepared glues and other prepared adhesives imported into Libya soared to X tons, with an increase of 179% compared with the previous year. In general, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Overall, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest prepared glues and other prepared adhesives supplier to Libya, accounting for a 40% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.3% per year) and China (+6.4% per year).

In value terms, the largest prepared glues and other prepared adhesives suppliers to Libya were Italy ($X), Turkey ($X) and the United States ($X), with a combined 46% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +19.3%, 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 import price for prepared glues and other prepared adhesives amounted to $X per ton, reducing by -13.2% against the previous year. In general, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2017 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average 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 Egypt ($X per ton), while the price for Italy ($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 (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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