Libya: Polishes For Coachwork Market 2022

Polishes For Coachwork Market Size in Libya

In 2021, the Libyan polishes for coachwork market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep contraction. Polishes for coachwork consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Polishes For Coachwork Imports

Imports into Libya

In 2021, after two years of growth, there was significant decline in supplies from abroad of polishes for coachwork, when their volume decreased by -X% to X tons. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, polishes for coachwork imports reduced remarkably to $X in 2021. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of polishes for coachwork to Libya, with a X% share of total imports. Moreover, polishes for coachwork imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was occupied by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and the United States (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of polishes for coachwork to Libya, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and the United States (-X% per year).

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained 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 the UK ($X per ton), while the price for Spain ($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 UK (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform