Libya: Market for Silk Shawls And Scarves 2022

Market Size for Silk Shawls And Scarves in Libya

In 2021, the Libyan silk shawl and scarf market decreased by less than X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2020 when the market value increased by less than X% against the previous year. Silk shawl and scarf consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Silk Shawls And Scarves in Libya

In value terms, silk shawl and scarf production reduced to $X in 2021 estimated in export price. In general, production, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports from Libya

For the tenth year in a row, Libya recorded growth in overseas shipments of silk shawls and scarves, which increased by X% to X units in 2021. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silk shawl and scarf exports soared to $X in 2021. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for silk shawl and scarf exports from Libya, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +X%.

In value terms, Canada ($X) also remains the key foreign market for silk shawl and scarf exports from Libya.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +X%.

Export Prices by Country

In 2021, the average silk shawl and scarf export price amounted to $X per unit, falling by -X% against the previous year. In general, the export price continues to indicate a dramatic decrease. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then declined notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -X% per year.

Imports of Silk Shawls And Scarves

Imports into Libya

In 2021, purchases abroad of silk shawls and scarves was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, silk shawl and scarf imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of silk shawl and scarf to Libya, with a X% share of total imports. Moreover, silk shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of silk shawl and scarf to Libya, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports.

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

Import Prices by Country

The average silk shawl and scarf import price stood at $X per unit in 2021, increasing by X% against the previous year. Overall, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, 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 mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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