Updated Sep 27, 2022 11:36

Dental Hygiene Preparations Market in Libya

Market Overview
The Libyan dental hygiene preparations market shrank dramatically to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt contraction. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.


Consumption
For the third consecutive year, Libya recorded decline in consumption of preparations for oral or dental hygiene, which decreased by -% to tons in . Over the period under review, consumption recorded a abrupt setback. Dental hygiene preparations consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.

The revenue of the dental hygiene preparations market in Libya contracted to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for dental hygiene preparations in Libya, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Dental hygiene preparations market in Libya consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Libya relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Libya remains a net importer of dental hygiene preparations; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.