Price for Aluminium; Alloys, Hollow Profiles in Libya - 2022
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Libya (CIF) - 2022
- Imports of Aluminium; Alloys, Hollow Profiles in Libya
Price for Aluminium; Alloys, Hollow Profiles in Libya (CIF) - 2022
In 2022, the average aluminium; alloys, hollow profiles import price amounted to $4,810 per ton, with an increase of 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($5,082 per ton), while the price for China totaled $4,005 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Aluminium; Alloys, Hollow Profiles in Libya
In 2022, aluminium; alloys, hollow profiles imports into Libya fell slightly to 2.5K tons, which is down by -4.6% on 2021. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 13%.
In value terms, aluminium; alloys, hollow profiles imports surged to $12M in 2022. In general, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Aluminium; Alloys, Hollow Profiles in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.2 | 3.9 | 7.3 | 9.3 | 30.3% |
| China | 6.4 | 2.8 | 2.5 | 2.7 | -25.0% |
| Others | 0.3 | 0.4 | 0.1 | 0.1 | -30.7% |
| Total | 10.9 | 7.2 | 9.9 | 12.1 | 3.5% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Libya in 2022:
- Turkey (1832.2 tons)
- China (668.2 tons)
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