Production of Iron and Non-Alloy Steel in Ingot in Libya - 2022

Iron and Non-Alloy Steel in Ingot Production in Libya - 2022

In 2022, approx. 669K tons of iron and non-alloy steel in ingots were produced in Libya; flattening at the previous year's figure. The total output volume increased at an average annual rate of +16.3% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by 34%. Over the period under review, production of attained the peak volume in 2022 and is expected to retain growth in the near future.

In value terms, production of iron and non-alloy steel in ingots totaled $5.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +16.3% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, production of attained the peak level in 2022 and is expected to retain growth in years to come.

Source: IndexBox Market Intelligence Platform

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