Libya: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in Libya

In 2022, after two years of growth, there was significant decline in the Libyan non-alloy steel u-section market, when its value decreased by -8.4% to $X. Overall, consumption showed a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Alloy Steel U-Section Production in Libya

In value terms, non-alloy steel u-section production totaled $X in 2022 estimated in export price. In general, production, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 16%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Alloy Steel U-Section Exports

Exports from Libya

In 2022, non-alloy steel u-section exports from Libya surged to X tons, growing by 169% compared with the previous year's figure. In general, exports posted a resilient increase. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel u-section exports soared to $X in 2022. Overall, exports showed a prominent expansion. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for non-alloy steel u-section exports from Libya, accounting for a 74% share of total exports. Moreover, non-alloy steel u-section exports to Egypt exceeded the volume sent to the second major destination, Tunisia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt totaled +14.5%.

In value terms, Egypt ($X) remains the key foreign market for u-sections of non-alloy steel exports from Libya, comprising 83% of total exports. The second position in the ranking was held by Tunisia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Egypt totaled +21.2%.

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, dropping by -28.5% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price 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, non-alloy steel u-section export price increased by +10.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 54%. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Tunisia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+5.9%).

Non-Alloy Steel U-Section Imports

Imports into Libya

Non-alloy steel u-section imports into Libya stood at X tons in 2022, therefore, remained relatively stable against 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 245% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel u-section imports shrank to $X in 2022. Overall, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when imports increased by 262% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest non-alloy steel u-section supplier to Libya, with a 89% share of total imports. Moreover, non-alloy steel u-section imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.0% per year) and Spain (-20.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of u-sections of non-alloy steel to Libya, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with a 5.6% share of total imports. It was followed by Spain, with a 3% share.

From 2012 to 2022, the average annual growth rate of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.9% per year) and Spain (-20.4% per year).

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, which is down by -15.2% against the previous year. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 44%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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