Report Update Nov 1, 2024

Libya - Worked Articles of Wax - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Libya

The Libyan worked wax articles market declined to $X in 2022, shrinking by -11.8% 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, recorded a mild curtailment. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Worked Wax Articles Exports

Exports from Libya

In 2022, approx. X units of worked articles of wax were exported from Libya; stabilizing at the previous year. Overall, exports saw a deep contraction. The smallest decline of -12.8% was in 2015. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, worked wax articles exports declined to $X in 2022. Over the period under review, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 14%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X units) was the main destination for worked wax articles exports from Libya, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Pakistan stood at -7.9%.

In value terms, Pakistan ($X) also remains the key foreign market for worked articles of wax exports from Libya.

From 2012 to 2022, the average annual growth rate of value to Pakistan stood at -2.5%.

Export Prices by Country

In 2022, the average worked wax articles export price amounted to $X per thousand units, declining by -6% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked wax articles export price increased by +76.2% against 2012 indices. The growth pace was the most rapid in 2019 an increase of 14%. Over the period under review, the average export prices reached the maximum at $X per thousand units in 2021, and then contracted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +6.1% per year.

Worked Wax Articles Imports

Imports into Libya

In 2022, the amount of worked articles of wax imported into Libya rose slightly to X units, increasing by 4.5% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 13% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, worked wax articles imports dropped to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 39%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Tunisia (X units), Germany (X units) and Greece (X units) were the main suppliers of worked wax articles imports to Libya, together comprising 76% of total imports. The United Arab Emirates and the UK lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +30.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest worked wax articles suppliers to Libya were Germany ($X), the United Arab Emirates ($X) and the UK ($X), together accounting for 93% of total imports.

The UK, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average worked wax articles import price stood at $X per thousand units in 2022, falling by -17.8% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per thousand units, and then shrank remarkably in the following year.

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 the United Arab Emirates ($X per thousand units), while the price for Tunisia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for worked articles of wax in the world?

The countries with the highest volumes of worked wax articles consumption in 2021 were Ireland, China and Spain, with a combined 37% share of global consumption.

What are the largest producers of worked articles of wax in the world?

The countries with the highest volumes of worked wax articles production in 2021 were China, the United States and India, with a combined 45% share of global production. These countries were followed by Japan, Indonesia, Pakistan, Russia, Germany, Mexico, Brazil, South Korea, Belgium and Italy, which together accounted for a further 33%.

What are the leading suppliers of worked articles of wax to Libya?

In value terms, the largest worked wax articles suppliers to Libya were Germany, the United Arab Emirates and Tunisia, together comprising 95% of total imports.

What are the leading importers of worked articles of wax from Libya?

In value terms, Pakistan $96) remains the key foreign market for worked wax articles exports from Libya.

What is the average export price for worked articles of wax in Libya?

The average worked wax articles export price stood at $48 per unit in 2021, falling by -5.9% against the previous year.

What is the average import price for worked articles of wax in Libya?

In 2021, the average worked wax articles import price amounted to $12 per unit, picking up by 5.5% against the previous year.

This report provides an in-depth analysis of the worked wax articles 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 32995940 - Worked vegetable or mineral..., moulded... articles of wax, s tearin,

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