Report Update Apr 1, 2024

Libya - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Libya

The Libyan market for hot-rolled non-alloy steel wire rods reduced to $X in 2022, dropping by X% 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 saw a drastic downturn. Hot-rolled non-alloy steel wire rod consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from Libya

In 2016, overseas shipments of hot-rolled non-alloy steel wire rods decreased by X% to X tons, falling for the second year in a row after two years of decline. In general, exports showed a abrupt setback. The smallest decline of X% was in 2015. The exports peaked at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, hot-rolled non-alloy steel wire rod exports declined to $X in 2016. Overall, exports recorded a precipitous shrinkage. The smallest decline of X% was in 2015. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for hot-rolled non-alloy steel wire rod exports from Libya, accounting for a approx. X% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Poland was relatively modest.

In value terms, Poland ($X) emerged as the key foreign market for hot-rolled non-alloy steel wire rods exports from Libya.

From 2012 to 2016, the average annual rate of growth in terms of value to Poland was relatively modest.

Export Prices by Country

The average export price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2016, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

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

From 2012 to 2016, the rate of growth in terms of prices for Poland amounted to X% per year.

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Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports into Libya

In 2022, hot-rolled non-alloy steel wire rod imports into Libya dropped to X tons, shrinking by X% on the previous year's figure. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hot-rolled non-alloy steel wire rod imports dropped to $X in 2022. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest hot-rolled non-alloy steel wire rod supplier to Libya, accounting for a X% share of total imports. Moreover, hot-rolled non-alloy steel wire rod imports from Tunisia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Egypt (X tons), with an X% share.

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

In value terms, Tunisia ($X) constituted the largest supplier of hot-rolled non-alloy steel wire rods to Libya, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average import price for hot-rolled non-alloy steel wire rods amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price 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, hot-rolled non-alloy steel wire rod import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Egypt ($X per ton), while the price for Ukraine ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled non-alloy steel wire rods in the world?

The country with the largest volume of hot-rolled non-alloy steel wire rod consumption was China, comprising approx. 23% of total volume. Moreover, hot-rolled non-alloy steel wire rod consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Japan ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of hot-rolled non-alloy steel wire rods in the world?

China remains the largest hot-rolled non-alloy steel wire rod producing country worldwide, accounting for 24% of total volume. Moreover, hot-rolled non-alloy steel wire rod production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by Japan, with a 5.7% share.

What are the leading suppliers of hot-rolled non-alloy steel wire rods to Libya?

In value terms, Tunisia constituted the largest supplier of hot-rolled non-alloy steel wire rods to Libya, comprising 64% of total imports. The second position in the ranking was held by Egypt, with a 16% share of total imports. It was followed by Turkey, with a 14% share.

What are the leading importers of hot-rolled non-alloy steel wire rods from Libya?

In value terms, Poland emerged as the key foreign market for hot-rolled non-alloy steel wire rods exports from Libya.

What is the average export price for hot-rolled non-alloy steel wire rods in Libya?

The average export price for hot-rolled non-alloy steel wire rods stood at $556 per ton in 2016, rising by 10% against the previous year.

What is the average import price for hot-rolled non-alloy steel wire rods in Libya?

The average import price for hot-rolled non-alloy steel wire rods stood at $779 per ton in 2022, with an increase of 4% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod 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.

Product coverage:

Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
Prodcom 24106120 - Wire rod of free-cutting steel
Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
Prodcom 24106140 - Wire rod for tyre cord
Prodcom 24106190 - Other wire rod (of non-alloy steel)

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023