Libya: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Libya

The Libyan market for raw steel and steel semi-finished products dropped notably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Libya

In value terms, production of raw steel and steel semi-finished products fell remarkably to $X in 2022 estimated in export price. In general, production recorded a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Exports of Raw Steel And Steel Semi-Finished Products

Exports from Libya

In 2022, the amount of raw steel and steel semi-finished products exported from Libya skyrocketed to X tons, growing by X% on 2021. Overall, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of raw steel and steel semi-finished products skyrocketed to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Tunisia (X tons) and Egypt (X tons) were the main destinations of exports of raw steel and steel semi-finished products from Libya, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for raw steel and steel semi-finished products exported from Libya were Turkey ($X), Tunisia ($X) and Egypt ($X), with a combined X% share of total exports.

Among the main countries of destination, Tunisia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for raw steel and steel semi-finished products amounted to $X per ton, declining by X% against the previous year. In general, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

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

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Libya

Imports of raw steel and steel semi-finished products into Libya plummeted to X tons in 2022, with a decrease of X% on 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of raw steel and steel semi-finished products contracted significantly to $X in 2022. In general, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Ukraine (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to Libya, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Ukraine ($X), the United Arab Emirates ($X) and Turkey ($X) were the largest raw steel and steel semi-finished products suppliers to Libya, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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