Libya: Soap And Detergent Market 2024

Soap And Detergent Market Size in Libya

The Libyan soap and detergent market reached $X in 2022, stabilizing at the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Soap And Detergent Production in Libya

In value terms, soap and detergent production surged to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Soap And Detergent Exports

Exports from Libya

After five years of growth, shipments abroad of soap and detergents decreased by X% to X tons in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted significantly in the following year.

In value terms, soap and detergent exports shrank rapidly to $X in 2022. In general, exports saw a slight reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined markedly in the following year.

Exports by Country

Turkey (X tons) was the main destination for soap and detergent exports from Libya, accounting for a X% share of total exports. Moreover, soap and detergent exports to Turkey exceeded the volume sent to the second major destination, Mauritania (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Ghana (X% per year).

In value terms, Turkey ($X) remains the key foreign market for soap and detergents exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average soap and detergent export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

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

Soap And Detergent Imports

Imports into Libya

In 2022, soap and detergent imports into Libya declined rapidly to X tons, shrinking by X% on 2021 figures. Over the period under review, imports showed a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, soap and detergent imports fell to $X in 2022. Overall, imports, however, saw measured growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Turkey (X tons), Egypt (X tons) and Tunisia (X tons) were the main suppliers of soap and detergent imports to Libya, with a combined X% share of total imports. Spain, Italy, Jordan, China, the United Arab Emirates and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Turkey ($X) and Tunisia ($X) constituted the largest soap and detergent suppliers to Libya, with a combined X% share of total imports. Jordan, Italy, Spain, the United Arab Emirates, China and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Jordan, with a CAGR of X%, recorded the highest growth rate of 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

The average soap and detergent import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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