Libya: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Libya

The Libyan imitation jewellery market shrank rapidly to $X in 2020, falling 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). Overall, consumption, however, enjoyed notable growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2015 to 2020, the growth of the market failed to regain the momentum.

Imitation Jewellery Exports

Exports from Libya

In 2020, overseas shipments of imitation jewellery decreased by -X% to X kg, falling for the second year in a row after four years of decline. In general, exports saw a dramatic contraction. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, imitation jewellery exports declined to $X in 2020. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for imitation jewellery exports from Libya, accounting for a X% share of total exports. Moreover, imitation jewellery exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold.

From 2007 to 2020, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Canada (-X% per year).

In value terms, the United States ($X) emerged as the key foreign market for imitation jewellery exports from Libya, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Canada (-X% per year).

Export Prices by Country

In 2020, the average imitation jewellery export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States, while the prices for the other major destinations experienced a decline.

Imitation Jewellery Imports

Imports into Libya

In 2020, approx. X tons of imitation jewellery were imported into Libya; falling by -X% on 2019 figures. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, imitation jewellery imports fell notably to $X in 2020. Overall, imports, however, enjoyed a mild expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest imitation jewellery supplier to Libya, with a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Libya, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2020, the average imitation jewellery import price amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per ton in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :