Price for Aluminium Waste and Scrap in Libya - 2022
Contents:
- Price for Aluminium Waste and Scrap in Libya (FOB) - 2022
- Price for Aluminium Waste and Scrap in Libya (CIF) - 2022
- Exports of Aluminium Waste and Scrap in Libya
- Imports of Aluminium Waste and Scrap in Libya
Price for Aluminium Waste and Scrap in Libya (FOB) - 2022
The average aluminium waste and scrap export price stood at $2,099 per ton in 2022, surging by 13% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium waste and scrap export price increased by +70.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 48%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2,817 per ton), while the average price for exports to Pakistan ($540 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in Libya (CIF) - 2022
In 2022, the average aluminium waste and scrap import price amounted to $3,794 per ton, rising by 6% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 175%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +31.1% per year.
Exports of Aluminium Waste and Scrap in Libya
For the fourth year in a row, Libya recorded growth in overseas shipments of aluminium waste and scraps, which increased by 0.3% to 42K tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, aluminium waste and scrap exports amounted to $88M in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 111% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Aluminium Waste and Scrap in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 17.2 | 31.1 | 54.4 | 67.5 | 57.7% |
| India | 4.0 | 2.6 | 12.6 | 11.1 | 40.5% |
| South Korea | 0.5 | 0.3 | 6.0 | 4.2 | 103.3% |
| Italy | 1.0 | 0.5 | 1.5 | 2.1 | 28.1% |
| Pakistan | 0.7 | 0.5 | 0.2 | N/A | -46.5% |
| Others | 1.5 | 1.5 | 2.3 | 2.5 | 18.6% |
| Total | 24.8 | 36.5 | 76.9 | 87.5 | 52.2% |
Top Export Markets for Aluminium Waste and Scrap from Libya in 2022:
- Turkey (32.7K tons)
- India (4.2K tons)
- South Korea (2.1K tons)
- Italy (0.7K tons)
Imports of Aluminium Waste and Scrap in Libya
In 2022, the amount of aluminium waste and scraps imported into Libya expanded rapidly to 28 tons, rising by 13% on 2021 figures. The total import volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, aluminium waste and scrap imports skyrocketed to $107K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Aluminium Waste and Scrap in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 7.1 | 75.0 | 89.7 | 107 | 147.0% |
| Italy | 55.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 62.8 | 75.0 | 89.7 | 107 | 19.4% |
Top Suppliers of Aluminium Waste and Scrap to Libya in 2022:
- United Kingdom (28.2 tons)
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