Libya: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Libya

The Libyan rubber tube and pipe market soared to $X in 2021, increasing by 40% 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, however, continues to indicate a noticeable decrease. Rubber tube and pipe consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Libya

Rubber tube and pipe exports from Libya surged to X kg in 2021, picking up by 24% on the previous year's figure. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 984%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, rubber tube and pipe exports reduced rapidly to $X in 2021. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 574% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malta (X kg) was the main destination for rubber tube and pipe exports from Libya, accounting for a 87% share of total exports. Moreover, rubber tube and pipe exports to Malta exceeded the volume sent to the second major destination, Congo (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Malta totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (0.0% per year) and Tunisia (0.0% per year).

In value terms, Malta ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Libya, comprising 93% of total exports. The second position in the ranking was held by Tunisia ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malta amounted to +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (-1.5% per year) and Congo (0.0% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, dropping by -38.1% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 72%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+43.2%), while the prices for the other major destinations experienced a decline.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Libya

In 2021, supplies from abroad of tubes, pipes and hoses of vulcanized rubber increased by 16% to X tons, rising for the sixth year in a row after three years of decline. Overall, imports, however, saw a noticeable decline. The growth pace was the most rapid in 2018 when imports increased by 66%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rubber tube and pipe imports surged to $X in 2021. In general, imports, however, recorded a perceptible curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest rubber tube and pipe supplier to Libya, with a 31% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.8% per year) and Turkey (-4.6% per year).

In value terms, the largest rubber tube and pipe suppliers to Libya were Italy ($X), China ($X) and France ($X), with a combined 34% share of total imports. These countries were followed by Tunisia, Spain, Turkey, the UK, Germany, the United States and the United Arab Emirates, which together accounted for a further 27%.

Tunisia, with a CAGR of +53.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 rubber tube and pipe import price amounted to $X per ton, with an increase of 28% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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