Libya: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Libya

The Libyan market for self-adhesive plastic tape in rolls of a width under 20cm shrank to $X in 2022, reducing by -7.9% 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, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +81.8% against 2017 indices. Consumption of peaked at $X in 2021, and then contracted in the following year.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Libya

In 2021, shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm increased by 676% to X kg, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2021. In general, exports showed noticeable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X kg) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Libya, with a 94% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to the United Arab Emirates exceeded the volume sent to the second major destination, Congo (X kg), more than tenfold.

From 2014 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, Congo ($X) emerged as the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Libya, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of value to Congo was relatively modest.

Export Prices by Country

In 2021, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, jumping by 47% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Libya

In 2022, approx. X tons of self-adhesive plastic tape in rolls of a width under 20cm were imported into Libya; increasing by 4.3% compared with 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 41%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm reduced to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.5% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by 49% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Libya, with a 63% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.7% per year) and Turkey (+6.7% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Libya, comprising 64% of total imports. The second position in the ranking was held by Italy ($X), with a 20% share of total imports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.9% per year) and Turkey (-0.5% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, shrinking by -13.9% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for self-adhesive plastic tape in rolls of a width under 20cm increased by +79.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 Tunisia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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