Aluminium Wire Price in Libya - 2022
Contents:
Aluminium Wire Price in Libya (CIF) - 2022
In 2022, the average aluminium wire import price amounted to $10,484 per ton, with an increase of 9.9% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 52% against the previous year. The import price peaked in 2022 and is expected to retain 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 Italy ($20,542 per ton), while the price for Bahrain ($3,857 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+23.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Wire Imports in Libya
Aluminium wire imports into Libya shrank remarkably to 347 tons in 2022, dropping by -18.1% compared with the year before. Overall, imports saw a dramatic curtailment. The smallest decline of -18.1% was in 2021.
In value terms, aluminium wire imports fell to $3.6M in 2022. In general, imports showed a abrupt decrease.
| Import of Aluminium Wire in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.2 | 3.1 | 2.9 | 2.8 | -4.4% |
| Bahrain | 1.7 | 1.3 | 1.0 | 0.8 | -22.2% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 5.0 | 4.5 | 4.0 | 3.6 | -10.4% |
Top Suppliers of Aluminium Wire to Libya in 2022:
- Bahrain (205.7 tons)
- Italy (134.7 tons)
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