Libya: Unvulcanized Rubber Market 2022

Unvulcanized Rubber Market Size in Libya

The Libyan unvulcanized rubber market expanded modestly to $X in 2021, growing by 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). In general, consumption, however, showed a slight slump. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Unvulcanized Rubber Exports

Exports from Libya

In 2021, unvulcanized rubber exports from Libya stood at less than X kg, approximately equating 2020 figures. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports totaled less than $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for unvulcanized rubber exports from Libya, with a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Italy was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2019, stabilizing at the previous year. Over the period under review, the export price saw resilient growth. The export price peaked in 2019 and is likely to see steady growth in the near future.

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

From 2012 to 2019, the rate of growth in terms of prices for Italy amounted to X% per year.

Unvulcanized Rubber Imports

Imports into Libya

In 2021, overseas purchases of unvulcanized rubber and articles thereof decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth imports failed to regain momentum.

In value terms, unvulcanized rubber imports skyrocketed to $X in 2021. In general, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of unvulcanized rubber to Libya, accounting for a X% share of total imports. Moreover, unvulcanized rubber imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports 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: the United States (+X% per year) and the United Arab Emirates (-X% per year).

In value terms, the largest unvulcanized rubber suppliers to Libya were the United States ($X), Turkey ($X) and Italy ($X), together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average unvulcanized rubber import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform