Libya: Aluminium Market 2024

Aluminium Market Size in Libya

The Libyan aluminium market shrank slightly to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Aluminium consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Aluminium Production in Libya

In value terms, aluminium production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Libya

Aluminium exports from Libya reduced rapidly to X tons in 2022, shrinking by X% on the previous year. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, aluminium exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for aluminium exports from Libya, with a X% share of total exports. Moreover, aluminium exports to Turkey exceeded the volume sent to the second major destination, India (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%.

In value terms, Turkey ($X) remains the key foreign market for aluminum (unwrought, not alloyed) exports from Libya, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%.

Export Prices by Country

In 2022, the average aluminium export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Aluminium Imports

Imports into Libya

In 2022, after two years of decline, there was significant growth in purchases abroad of aluminum (unwrought, not alloyed), when their volume increased by X% to X tons. Overall, imports, however, saw a deep slump. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest aluminium supplier to Libya, with a X% share of total imports. Moreover, aluminium imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and the UK (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of aluminum (unwrought, not alloyed) to Libya, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports.

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

Import Prices by Country

The average aluminium import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw notable growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :