
Libya - Woven Fabrics of Silk or of Silk Waste - Market Analysis, Forecast, Size, Trends and Insights
Libya: Silk Fabric Market 2023
Silk Fabric Market Size in Libya
In 2021, the Libyan silk fabric market increased by 6.1% to $X, rising for the fifth year in a row after four years of decline. Over the period under review, consumption, however, saw a abrupt descent. Silk fabric consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Silk Fabric Exports
Exports from Libya
In 2021, approx. less than X square meters of woven fabrics of silk or of silk waste were exported from Libya; stabilizing at 2020. Over the period under review, exports saw a relatively flat trend pattern.
In value terms, silk fabric exports stood at less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Silk Fabric Imports
Imports into Libya
In 2021, supplies from abroad of woven fabrics of silk or of silk waste increased by 15% to X square meters, rising for the fifth year in a row after four years of decline. Over the period under review, imports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 170%. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, silk fabric imports expanded modestly to $X in 2021. Overall, imports, however, saw a precipitous decline. The pace of growth was the most pronounced in 2017 with an increase of 100% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, the United Arab Emirates (X square meters) constituted the largest supplier of silk fabric to Libya, with a 87% share of total imports. Moreover, silk fabric imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X square meters), sevenfold.
From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to -17.4%.
In value terms, the United Arab Emirates ($X) and Italy ($X) appeared to be the largest silk fabric suppliers to Libya.
Among the main suppliers, Italy, with a CAGR of +24.2%, saw the highest growth rate of the value of imports, over the period under review.
Import Prices by Country
In 2021, the average silk fabric import price amounted to $X per square meter, falling by -10.8% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 14%. As a result, import price attained the peak level of $X per square meter. From 2017 to 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for the United Arab Emirates amounted to $X per square meter.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.3%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the silk fabric 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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