Price for Wadding; Other Articles Thereof, of Cotton in Libya - 2022

Contents:

1. Price for Wadding; Other Articles Thereof, of Cotton in Libya (CIF) - 2022
2. Price for Wadding; Other Articles Thereof, of Cotton in Libya (FOB) - 2022
3. Imports of Wadding; Other Articles Thereof, of Cotton in Libya
4. Exports of Wadding; Other Articles Thereof, of Cotton in Libya

Price for Wadding; Other Articles Thereof, of Cotton in Libya (CIF) - 2022

The average import price for wadding; other articles thereof, of cotta stood at $3,838 per ton in 2022, increasing by 8.6% against the previous year. In general, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2013 an increase of 45% against the previous year. As a result, import price attained the peak level of $6,698 per ton. From 2014 to 2022, the average 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 ($10,316 per ton), while the price for China ($2,914 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wadding; Other Articles Thereof, of Cotton in Libya (FOB) - 2022

In 2022, the average export price for wadding; other articles thereof, of cotta amounted to $16,585 per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 when the average export price increased by 12%. As a result, the export price reached the peak level of $16,617 per ton, leveling off in the following year.

As there is only one major export destination, the average price level is determined by prices for Andorra.

From 2012 to 2022, the rate of growth in terms of prices for Andorra amounted to +2.8% per year.

Imports of Wadding; Other Articles Thereof, of Cotton in Libya

In 2022, the amount of wadding; other articles thereof, of cotta imported into Libya fell remarkably to 177 tons, with a decrease of -22.7% on the previous year's figure. In general, imports recorded a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of 229 tons, and then dropped remarkably in the following year.

In value terms, imports of wadding; other articles thereof, of cotta fell markedly to $680K in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 33%.

Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Libya in 2022:

1. Turkey (95.6 tons)
2. China (64.6 tons)
3. Greece (3.4 tons)
4. Italy (2.9 tons)
5. France (2.4 tons)

Exports of Wadding; Other Articles Thereof, of Cotton in Libya

For the fourth year in a row, Libya recorded growth in shipments abroad of wadding; other articles thereof, of cotta, which increased by 0.7% to 142 kg in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 271% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of wadding; other articles thereof, of cotta reached $2.4K in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 314% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Libya in 2022:

1. Andorra (142.0 kg)

Source: IndexBox Market Intelligence Platform