
Libya - Furnishing Articles for Car Seats - Market Analysis, Forecast, Size, Trends and Insights
Libya: Cushion Cover Market 2022
Cushion Cover Market Size in Libya
In 2021, the Libyan cushion cover market decreased by -4.9% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. Cushion cover consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.
Cushion Cover Production in Libya
In value terms, cushion cover production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45%. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.
Cushion Cover Exports
Exports from Libya
In 2021, shipments abroad of furnishing articles for car seats increased by 475% to X kg, rising for the third consecutive year after two years of decline. Overall, exports, however, recorded a perceptible setback. Over the period under review, the exports attained the peak figure at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, cushion cover exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
The United Arab Emirates (X kg) was the main destination for cushion cover exports from Libya, with a approx. 100% share of total exports.
From 2013 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.
In value terms, the United Arab Emirates ($X) emerged as the key foreign market for cushion cover exports from Libya.
From 2013 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.
Export Prices by Country
The average cushion cover export price stood at $X per ton in 2021, shrinking by -57.4% against the previous year. Over the period under review, the export price, however, enjoyed temperate growth. As a result, the export price reached the peak level of $X per ton, and then shrank rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2021, the rate of growth in terms of prices for Egypt amounted to -5.0% per year.
Cushion Cover Imports
Imports into Libya
In 2021, the amount of furnishing articles for car seats imported into Libya soared to X tons, surging by 58% on the year before. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 115%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.
In value terms, cushion cover imports skyrocketed to $X in 2021. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
Turkey (X tons), China (X tons) and India (X tons) were the main suppliers of cushion cover imports to Libya, together comprising 88% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest cushion cover suppliers to Libya were China ($X), Turkey ($X) and India ($X), together accounting for 82% of total imports.
In terms of the main suppliers, Turkey, with a CAGR of +9.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average cushion cover import price stood at $X per ton in 2021, picking up by 33% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 39%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cushion cover market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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