Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Libya - 2022

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Libya (CIF) - 2022
2. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Libya

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Libya (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $9,012 per ton, picking up by 21% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tubing; flexible, with or without fittings, of base metals increased by +33.9% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 125% against the previous year. As a result, import price reached the peak level of $13,072 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($100,171 per ton), while the price for Spain ($2,147 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Libya

In 2022, after three years of growth, there was significant decline in supplies from abroad of tubing; flexible, with or without fittings, of base metals, when their volume decreased by -11% to 300 tons. The total import volume increased at an average annual rate of +6.1% 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 33% against the previous year. As a result, imports reached the peak of 337 tons, and then contracted in the following year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals expanded notably to $2.7M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +60.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Libya in 2022:

1. China (162.1 tons)
2. Turkey (48.2 tons)
3. France (34.9 tons)
4. United Arab Emirates (11.1 tons)
5. Spain (11.0 tons)
6. Italy (10.5 tons)
7. Tunisia (8.1 tons)

Source: IndexBox Market Intelligence Platform