Libya: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Libya

The Libyan market for plastic hoses and hose fittings dropped to $X in 2022, 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). Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports from Libya

In 2022, the amount of plastic hoses and hose fittings exported from Libya skyrocketed to X tons, with an increase of X% on 2021. Overall, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports surged to $X in 2022. In general, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X kg), Indonesia (X kg) and France (X kg) were the main destinations of plastic hose and hose fitting exports from Libya, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for plastic hoses and hose fittings exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Ireland (X% per year).

Export Prices by Country

In 2022, the average export price for plastic hoses and hose fittings amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (X%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Hoses and Hose Fittings

Imports into Libya

After three years of growth, overseas purchases of plastic hoses and hose fittings decreased by X% to X tons in 2022. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plastic hose and hose fitting imports dropped to $X in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and Egypt (X tons) were the main suppliers of plastic hose and hose fitting imports to Libya, with a combined X% share of total imports. Saudi Arabia, China, the United Arab Emirates and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Libya were Italy ($X), China ($X) and Turkey ($X), with a combined X% share of total imports. Egypt, Saudi Arabia, the United Arab Emirates and France lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastic hoses and hose fittings amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :