Libya: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Libya

The Libyan market for polyethylene with a specific gravity of less than X, in primary forms reduced to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Libya

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decrease. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Libya

In 2022, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported from Libya; shrinking by X% compared with the year before. In general, exports continue to indicate a dramatic downturn. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms fell rapidly to $X in 2022. Over the period under review, exports recorded a sharp decrease. The smallest decline of X% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Libya, accounting for a X% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Turkey exceeded the volume sent to the second major destination, Russia (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to X%.

In value terms, Turkey ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to X%.

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a strong expansion 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, export price for polyethylene with a specific gravity of less than X, in primary forms increased by X% against 2012 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%).

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Libya

Imports of polyethylene with a specific gravity of less than X, in primary forms into Libya declined significantly to X tons in 2022, dropping by X% against the previous year's figure. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms reduced rapidly to $X in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Qatar (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Libya, with a X% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Qatar exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Qatar totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Turkey (X% per year).

In value terms, Qatar ($X), Saudi Arabia ($X) and Turkey ($X) constituted the largest polyethylene with a specific gravity of less than X suppliers to Libya, with a combined X% share of total imports. Italy, Thailand, Oman, the Netherlands and Egypt lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a mild increase 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, import price for polyethylene with a specific gravity of less than X, in primary forms increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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