Libya: Sack And Bag Market 2022

Sack And Bag Market Size in Libya

The Libyan sack and bag market amounted to $X in 2021, with an increase of 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, however, saw a slight setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Sack And Bag Exports

Exports from Libya

Sack and bag exports from Libya stood at X tons in 2021, standing approx. at the previous year. Over the period under review, exports saw a significant decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sack and bag exports amounted to $X in 2021. In general, exports saw a dramatic decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for sack and bag exports from Libya, accounting for a X% share of total exports. Moreover, sack and bag exports to France exceeded the volume sent to the second major destination, Guatemala (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

In 2021, the average sack and bag export price amounted to $X per ton, leveling off at the previous year. Overall, the export price recorded a temperate expansion. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per ton), while the average price for exports to France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%).

Sack And Bag Imports

Imports into Libya

In 2021, approx. X tons of sacks and bags were imported into Libya; increasing by X% against the previous year. In general, imports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, sack and bag imports expanded sharply to $X in 2021. Overall, imports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Bangladesh (X tons), Egypt (X tons) and China (X tons) were the main suppliers of sack and bag imports to Libya, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of sack and bag to Libya, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Egypt totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (-X% per year) and China (+X% per year).

Import Prices by Country

The average sack and bag import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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