Price for Chain and Parts Thereof, of Iron or Steel in Libya - 2022

Price for Chain and Parts Thereof, of Iron or Steel in Libya (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $5,385 per ton, increasing by 15% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chain and parts thereof, of iron or steel decreased by -8.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $6,014 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($17,821 per ton), while the price for Tunisia ($4,365 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Libya (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $5,623 per ton in 2022, with a decrease of -4.1% against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 75%. Over the period under review, the average export prices reached the peak figure at $13,169 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($5,731 per ton), while the average price for exports to Georgia totaled $2,692 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+39.7%).

Imports of Chain and Parts Thereof, of Iron or Steel in Libya

In 2022, approx. 411 tons of chain and parts thereof, of iron or steel were imported into Libya; reducing by -33.1% against the year before. In general, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year.

In value terms, imports of chain and parts thereof, of iron or steel contracted markedly to $2.2M in 2022. Over the period under review, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 21%.

Import of Chain and Parts Thereof, of Iron or Steel in Libya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,489	1,157	1,413	901	-28.7%
Malta	884	681	769	723	-6.5%
United States	79.0	159	251	201	36.5%
Germany	363	95.1	104	182	-20.6%
Tunisia	27.4	12.9	6.4	49.5	21.8%
Turkey	98.8	43.2	139	26.2	-35.8%
United Kingdom	392	51.3	15.5	11.4	-69.2%
Others	430	154	153	140	-31.2%
Total	4,764	2,353	2,852	2,235	-22.3%

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Libya in 2022:

China (188.8 tons)
Malta (156.1 tons)
United States (27.1 tons)
Tunisia (11.3 tons)
Germany (10.2 tons)
Turkey (5.9 tons)
United Kingdom (1.8 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Libya

In 2022, exports of chain and parts thereof, of iron or steel from Libya dropped to 366 kg, with a decrease of -11.2% against 2021 figures. Overall, exports continue to indicate a abrupt downturn. The smallest decline of -2.5% was in 2020.

In value terms, exports of chain and parts thereof, of iron or steel contracted to $2.1K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year.