Price for Steel, Stainless; Ingots and Other Primary Forms in Libya - 2022

Contents:

  1. Price for Steel, Stainless; Ingots and Other Primary Forms in Libya (CIF) - 2022
  2. Imports of Steel, Stainless; Ingots and Other Primary Forms in Libya

Price for Steel, Stainless; Ingots and Other Primary Forms in Libya (CIF) - 2022

In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $5,488 per ton, shrinking by -41.3% against the previous year. In general, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 when the average import price increased by 86% against the previous year. Over the period under review, average import prices reached the peak figure at $11,626 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 ($13,354 per ton), while the price for Turkey ($1,777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+25.5%).

Imports of Steel, Stainless; Ingots and Other Primary Forms in Libya

In 2022, purchases abroad of steel, stainless; ingots and other primary formses was finally on the rise to reach 692 kg after two years of decline. Overall, imports, however, saw a noticeable contraction.

In value terms, imports of steel, stainless; ingots and other primary formses surged to $3.8K in 2022. In general, imports, however, continue to indicate a abrupt slump.

Import of Steel, Stainless; Ingots and Other Primary Forms in Libya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom5.24.33.02.1-26.1%
ItalyN/AN/AN/A1.10%
TurkeyN/AN/AN/A0.70%
OthersN/AN/AN/AN/A0%
Total5.24.33.03.8-9.9%

Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Libya in 2022:

  1. Turkey (372.0 kg)
  2. United Kingdom (241.0 kg)
  3. Italy (79.0 kg)

Source: IndexBox Market Intelligence Platform

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