Report Update Nov 1, 2024

Libya - Table Flatware - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Table Flatware Market 2024

Table Flatware Market Size in Libya

The Libyan table flatware market reduced to $X in 2022, with a decrease of -7.7% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Table Flatware Production in Libya

In value terms, table flatware production surged to $X in 2022 estimated in export price. In general, production, however, showed a deep contraction. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Table Flatware Exports

Exports from Libya

After three years of decline, shipments abroad of table flatware decreased by 0% to X kg in 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 770% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, table flatware exports stood at $X in 2021. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 506%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X kg) was the main destination for table flatware exports from Libya, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Egypt amounted to -45.4%.

From 2013 to 2021, the average annual growth rate of value to Egypt amounted to +8.5%.

Export Prices by Country

In 2021, the average table flatware export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price posted a slight expansion. The growth pace was the most rapid in 2014 when the average export price increased by 89%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2013 to 2021, the rate of growth in terms of prices for Egypt amounted to +98.7% per year.

Table Flatware Imports

Imports into Libya

Table flatware imports into Libya declined sharply to X tons in 2022, with a decrease of -17% against the year before. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 85%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, table flatware imports dropped dramatically to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 102% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X tons) was the main table flatware supplier to Libya, with a 95% share of total imports. It was followed by Turkey (X tons), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.6% per year) and Italy (-20.4% per year).

In value terms, China ($X) constituted the largest supplier of table flatware to Libya, comprising 92% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.6% per year) and Italy (-15.7% per year).

Import Prices by Country

The average table flatware import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, table flatware import price increased by +49.8% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 52%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for table flatware in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together comprising 50% of global consumption. Russia, Bangladesh, Pakistan, Indonesia and Nigeria lagged somewhat behind, together accounting for a further 11%.

What are the largest producers of table flatware in the world?

China constituted the country with the largest volume of table flatware production, accounting for 40% of total volume. Moreover, table flatware production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6% share.

What are the leading suppliers of table flatware to Libya?

In value terms, China constituted the largest supplier of table flatware to Libya, comprising 84% of total imports. The second position in the ranking was occupied by Turkey, with a 2.9% share of total imports.

What is the average export price for table flatware in Libya?

In 2021, the average table flatware export price amounted to $5,353 per ton, leveling off at the previous year.

What is the average import price for table flatware in Libya?

In 2021, the average table flatware import price amounted to $5,572 per ton, declining by -10.5% against the previous year.

This report provides an in-depth analysis of the table flatware market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25711430 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of stainless steel or other base metal
Prodcom 25711480 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of base metal, silver- , gold- or platinum plated

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023