Libya: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Libya

In 2020, the Libyan unwrought aluminium alloys market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. Unwrought aluminium alloys consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Unwrought Aluminium Alloys Production in Libya

In value terms, unwrought aluminium alloys production shrank remarkably to $X in 2020 estimated in export prices. In general, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Unwrought aluminium alloys production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Unwrought Aluminium Alloys Exports

Exports from Libya

In 2020, shipments abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, unwrought aluminium alloys exports fell notably to $X in 2020. Overall, exports, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Turkey (X tons) was the main destination for unwrought aluminium alloys exports from Libya, accounting for a X% share of total exports. Moreover, unwrought aluminium alloys exports to Turkey exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Turkey amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Thailand (+X% per year).

In value terms, Turkey ($X) remains the key foreign market for unwrought aluminium alloys exports from Libya, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Thailand (+X% per year).

Export Prices by Country

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2020, the countries with the highest prices were Italy ($X per ton) and South Korea ($X per ton), while the average price for exports to Turkey ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Libya

In 2020, overseas purchases of unwrought aluminium alloys decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, unwrought aluminium alloys imports contracted rapidly to $X in 2020. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Egypt (X tons) was the main unwrought aluminium alloys supplier to Libya, accounting for a X% share of total imports. It was followed by Italy (X kg), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Egypt stood at -X%.

In value terms, Egypt ($X) constituted the largest supplier of unwrought aluminium alloys to Libya, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Egypt amounted to -X%.

Import Prices by Country

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2019 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Egypt ($X per ton), while the price for Italy amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt.

Source: IndexBox Platform

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