Libya: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2022

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Libya

The Libyan silicon-electrical steel flat-rolled product market expanded to $X in 2021, picking up by X% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Libya

In value terms, silicon-electrical steel flat-rolled product production rose slightly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Libya

In 2021, silicon-electrical steel flat-rolled product exports from Libya was estimated at less than X kg, therefore, remained relatively stable against the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Libya, with a approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Tunisia was relatively modest.

In value terms, Tunisia ($X) also remains the key foreign market for silicon-electrical steel flat-rolled product exports from Libya.

From 2012 to 2017, the average annual rate of growth in terms of value to Tunisia was relatively modest.

Export Prices by Country

In 2017, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016, and then amounted in the following year.

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

From 2012 to 2017, the rate of growth in terms of prices for Tunisia amounted to X% per year.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Libya

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel decreased by X% to less than X kg, falling for the second consecutive year after two years of decline. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports totaled less than $X in 2021. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2019, Egypt (X tons) was the main silicon-electrical steel flat-rolled product supplier to Libya, with a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Egypt was relatively modest.

In value terms, Egypt ($X) constituted the largest supplier of silicon-electrical steel flat-rolled product to Libya.

From 2012 to 2019, the average annual rate of growth in terms of value from Egypt was relatively modest.

Import Prices by Country

In 2019, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, standing approx. at the previous year. In general, the import price enjoyed moderate growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2019, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Egypt.

From 2012 to 2019, the rate of growth in terms of prices for Egypt amounted to X% per year.

Source: IndexBox Platform