Libya: Textile Wadding Market 2024

Textile Wadding Market Size in Libya

The Libyan textile wadding market shrank slightly to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, recorded noticeable growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Textile Wadding Production in Libya

In value terms, textile wadding production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw perceptible growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 69%. Textile wadding production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Textile Wadding Exports

Exports from Libya

Textile wadding exports from Libya rose rapidly to X kg in 2022, surging by 8.9% on the year before. Overall, exports, however, continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 91% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, textile wadding exports expanded rapidly to $X in 2022. In general, exports, however, showed a precipitous descent. The most prominent rate of growth was recorded in 2019 when exports increased by 186% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for textile wadding exports from Libya, accounting for a 95% share of total exports. Moreover, textile wadding exports to the United Arab Emirates exceeded the volume sent to the second major destination, Andorra (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -20.6%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from Libya, comprising 89% of total exports. The second position in the ranking was held by Andorra ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -19.2%.

Export Prices by Country

In 2022, the average textile wadding export price amounted to $X per ton, shrinking by -2.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 66%. The export price peaked at $X per ton in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Andorra ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.8%).

Textile Wadding Imports

Imports into Libya

Textile wadding imports into Libya dropped notably to X tons in 2022, with a decrease of -18% on 2021 figures. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 153% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, textile wadding imports fell to $X in 2022. Over the period under review, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 82%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest supplier of textile wadding to Libya, accounting for a 54% share of total imports. Moreover, textile wadding imports from Pakistan exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-15.0% per year) and China (-9.1% per year).

In value terms, Pakistan ($X) constituted the largest supplier of wadding of textile materials and articles thereof to Libya, comprising 51% of total imports. The second position in the ranking was held by Egypt ($X), with an 18% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Pakistan amounted to +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+24.1% per year) and Turkey (-16.7% per year).

Import Prices by Country

The average textile wadding import price stood at $X per ton in 2022, picking up by 7.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 53%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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