Report Update Apr 1, 2024

Libya - Stainless Steel Sinks and Wash Basins - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Libya

After four years of growth, the Libyan stainless steel sink market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate a remarkable increase. Stainless steel sink consumption peaked at $X in 2021, and then contracted slightly in the following year.

Stainless Steel Sink Exports

Exports from Libya

After two years of growth, shipments abroad of stainless steel sinks and wash basins decreased by X% to X units in 2017. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped remarkably in the following year.

In value terms, stainless steel sink exports dropped rapidly to $X in 2017. In general, exports continue to indicate a dramatic curtailment. The smallest decline of X% was in 2016. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2017, the exports remained at a lower figure.

Exports by Country

Ghana (X units) was the main destination for stainless steel sink exports from Libya, with a approx. X% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Ghana totaled X.0%.

In value terms, Ghana ($X) emerged as the key foreign market for stainless steel sinks and wash basins exports from Libya.

From 2013 to 2017, the average annual rate of growth in terms of value to Ghana stood at X.0%.

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2017, with a decrease of X% against the previous year. In general, the export price continues to indicate a significant decline. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2017, the export prices failed to regain momentum.

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

From 2013 to 2017, the rate of growth in terms of prices for Ghana amounted to X% per year.

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Stainless Steel Sink Imports

Imports into Libya

In 2022, supplies from abroad of stainless steel sinks and wash basins decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel sink imports shrank to $X in 2022. In general, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel sink supplier to Libya, with a X% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel sinks and wash basins to Libya, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2022, the average stainless steel sink import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated a pronounced 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, stainless steel sink import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Turkey ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for stainless steel sinks and wash basins in the world?

The countries with the highest volumes of consumption in 2023 were Latvia, China and the United States, together comprising 48% of global consumption. India, Russia, Pakistan, Japan, Brazil, Malaysia, Indonesia and South Korea lagged somewhat behind, together comprising a further 24%.

What are the largest producers of stainless steel sinks and wash basins in the world?

The countries with the highest volumes of production in 2022 were China, Latvia and India, with a combined 59% share of global production. The United States, Turkey, Russia, Pakistan, Vietnam, Japan, Malaysia, Mexico, Brazil and South Korea lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of stainless steel sinks and wash basins to Libya?

In value terms, China constituted the largest supplier of stainless steel sinks and wash basins to Libya, comprising 77% of total imports. The second position in the ranking was taken by Turkey, with a 13% share of total imports. It was followed by Italy, with a 4.2% share.

What are the leading importers of stainless steel sinks and wash basins from Libya?

In value terms, Ghana $32) emerged as the key foreign market for stainless steel sinks and wash basins exports from Libya.

What is the average export price for stainless steel sinks and wash basins in Libya?

The average stainless steel sink export price stood at $0.7 per unit in 2017, dropping by -18.3% against the previous year.

What is the average import price for stainless steel sinks and wash basins in Libya?

In 2022, the average stainless steel sink import price amounted to $9.8 per unit, picking up by 6.3% against the previous year.

This report provides an in-depth analysis of the stainless steel sink market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991110 - Stainless steel sinks and wash basins

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023