Libya: Agricultural Forestry Machinery Market 2025

Agricultural Forestry Machinery Market Size in Libya

The Libyan agricultural forestry machinery market was estimated at $X in 2022, growing by 8.5% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Agricultural Forestry Machinery Production in Libya

In value terms, agricultural forestry machinery production stood at $X in 2022 estimated in export price. Over the period under review, production saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 57% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Agricultural Forestry Machinery Exports

Exports from Libya

Agricultural forestry machinery exports from Libya stood at X units in 2017, remaining stable against the previous year. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2017 and are likely to see gradual growth in the immediate term.

In value terms, agricultural forestry machinery exports reduced sharply to $X in 2017. In general, exports faced a sharp reduction. Over the period under review, the exports reached the peak figure at $X in 2016, and then reduced rapidly in the following year.

Exports by Country

South Africa (X units) was the main destination for agricultural forestry machinery exports from Libya, with a approx. 100% share of total exports.

From 2016 to 2017, the average annual rate of growth in terms of volume to South Africa was relatively modest.

In value terms, South Africa ($X) also remains the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Libya.

From 2016 to 2017, the average annual rate of growth in terms of value to South Africa stood at -20.0%.

Export Prices by Country

In 2017, the average agricultural forestry machinery export price amounted to $X per unit, declining by -20% against the previous year. Over the period under review, the export price saw a sharp contraction. Over the period under review, the average export prices attained the maximum at $X per unit in 2016, and then reduced remarkably in the following year.

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

From 2016 to 2017, the rate of growth in terms of prices for South Africa amounted to -20.0% per year.

Agricultural Forestry Machinery Imports

Imports into Libya

In 2022, agricultural forestry machinery imports into Libya dropped notably to X units, waning by -20.6% compared with the previous year. Over the period under review, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2013 when imports increased by 127% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, agricultural forestry machinery imports contracted sharply to $X in 2022. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units), the UK (X units) and Italy (X units) were the main suppliers of agricultural forestry machinery imports to Libya, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +50.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and the UK ($X) appeared to be the largest agricultural forestry machinery suppliers to Libya, with a combined 64% share of total imports.

The UK, with a CAGR of +24.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, reducing by -2.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 26% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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