
Libya - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights
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Libya: Formaldehyde Market 2022
Formaldehyde Market Size in Libya
The Libyan formaldehyde market surged to $X in 2021, picking up 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). Over the period under review, consumption posted significant growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
Formaldehyde Imports
Imports into Libya
In 2021, the amount of formaldehyde imported into Libya skyrocketed to X tons, jumping by X% against the previous year's figure. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.
In value terms, formaldehyde imports soared to $X in 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Turkey (X tons) was the main formaldehyde supplier to Libya, accounting for a approx. X% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +X%.
In value terms, Turkey ($X) constituted the largest supplier of formaldehyde to Libya.
From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +X%.
Import Prices by Country
In 2021, the average formaldehyde import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price showed a noticeable contraction. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +X% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the formaldehyde 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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