Libya: Blanket Market 2023

Blanket Market Size in Libya

The Libyan blanket market was estimated at $X in 2021, with an increase of 11% 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). In general, consumption, however, showed a abrupt shrinkage. Blanket consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Blanket Exports

Exports from Libya

Blanket exports from Libya reduced rapidly to X units in 2021, with a decrease of -16.9% on the previous year's figure. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 341%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, blanket exports fell significantly to $X in 2021. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 227%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Niger (X units) was the main destination for blanket exports from Libya, accounting for a 88% share of total exports. Moreover, blanket exports to Niger exceeded the volume sent to the second major destination, Egypt (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Niger totaled -11.0%.

In value terms, Niger ($X) remains the key foreign market for blanket exports from Libya, comprising 90% of total exports. The second position in the ranking was held by Egypt ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Niger amounted to -13.0%.

Export Prices by Country

In 2021, the average blanket export price amounted to $X per unit, standing approx. at the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by 188%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Niger ($X per unit), while the average price for exports to Egypt stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Blanket Imports

Imports into Libya

Blanket imports into Libya expanded slightly to X units in 2021, picking up by 2.9% against the previous year. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 57%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, blanket imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of blanket to Libya, with a 75% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X units), eightfold. The third position in this ranking was taken by Turkey (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+17.1% per year) and Turkey (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of blanket to Libya, comprising 65% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.9% share of total imports. It was followed by Egypt, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.7% per year) and Egypt (+21.8% per year).

Import Prices by Country

The average blanket import price stood at $X per unit in 2021, increasing by 14% against the previous year. Over the period under review, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 67% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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