Stainless Steel Wire Price in Libya - 2022
Contents:
Stainless Steel Wire Price in Libya (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $7,174 per ton, picking up by 34% against the previous year. Overall, the import price posted a slight expansion. The growth pace was the most rapid in 2016 an increase of 142%. The import price peaked at $8,961 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 the United Arab Emirates ($90,574 per ton), while the price for India ($2,432 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+96.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Imports in Libya
Stainless steel wire imports into Libya surged to 17 tons in 2022, increasing by 84% on 2021 figures. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 121% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, stainless steel wire imports soared to $120K in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 28.4 | 32.4 | 27.2 | 81.1 | 41.9% |
| India | N/A | N/A | N/A | 34.4 | 0% |
| Germany | N/A | 2.0 | 8.6 | 2.2 | 4.9% |
| United Arab Emirates | 26.6 | N/A | N/A | 0.1 | -84.5% |
| China | 0.2 | N/A | 12.8 | N/A | 700.0% |
| Tunisia | 5.5 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 2.5 | 0.3 | 2.6 | 135.1% |
| Total | 60.8 | 36.8 | 48.8 | 120 | 25.4% |
Top Suppliers of Stainless Steel Wire to Libya in 2022:
- India (14.2 tons)
- United Kingdom (2.2 tons)
- Germany (0.3 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Libya.
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