Report Update Nov 1, 2024

Libya - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Boring Machinery Market 2024

Boring Machinery Market Size in Libya

In 2022, the Libyan boring machinery market was finally on the rise to reach $X for the first time since 2012, thus ending a nine-year declining trend. Overall, consumption, however, saw a sharp decline. Boring machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Boring Machinery Exports

Exports from Libya

In 2022, approx. X units of boring or sinking machinery were exported from Libya; therefore, remained relatively stable against the year before. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, boring machinery exports fell slightly to $X in 2022. Overall, exports recorded tangible growth. The pace of growth appeared the most rapid in 2016 when exports increased by 104%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for boring machinery exports from Libya, with a 80% share of total exports. Moreover, boring machinery exports to the UK exceeded the volume sent to the second major destination, Egypt (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -7.7%.

In value terms, Egypt ($X) remains the key foreign market for boring or sinking machinery exports from Libya, comprising 73% of total exports. The second position in the ranking was held by the UK ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Egypt was relatively modest.

Export Prices by Country

In 2022, the average boring machinery export price amounted to $X per unit, declining by -3.2% against the previous year. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of 91% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to the UK totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into Libya

Boring machinery imports into Libya soared to X units in 2022, picking up by 31% against 2021. Over the period under review, imports, however, continue to indicate a sharp decline. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, boring machinery imports rose rapidly to $X in 2022. In general, imports, however, recorded a significant decline. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Croatia (X units) and Turkey (X units) were the main suppliers of boring machinery imports to Libya.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of -15.8%).

In value terms, Croatia ($X) constituted the largest supplier of boring or sinking machinery to Libya, comprising 64% of total imports. The second position in the ranking was taken by Turkey ($X), with a 9.6% share of total imports. It was followed by Malta, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Croatia stood at -19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.7% per year) and Malta (-27.2% per year).

Import Prices by Country

In 2022, the average boring machinery import price amounted to $X per unit, shrinking by -21% against the previous year. Overall, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 54%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+3,387.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Spain, Canada and Indonesia, together comprising 38% of global consumption. These countries were followed by Japan, South Africa, Germany, China, Italy, the United Arab Emirates, France, Syrian Arab Republic, Singapore and Nigeria, which together accounted for a further 34%.

What are the largest producers of boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Indonesia, Canada and Spain, together comprising 37% of global production. Italy, Japan, the United Arab Emirates, Germany, South Africa, the Netherlands, China, Singapore, Syrian Arab Republic and the UK lagged somewhat behind, together accounting for a further 42%.

What are the leading suppliers of boring or sinking machinery to Libya?

In value terms, the largest boring machinery suppliers to Libya were Croatia, Germany and China, together comprising 79% of total imports. Malta and the UK lagged somewhat behind, together comprising a further 13%.

What are the leading importers of boring or sinking machinery from Libya?

In value terms, Egypt remains the key foreign market for boring machinery exports from Libya.

What is the average export price for boring or sinking machinery in Libya?

The average boring machinery export price stood at $11 per unit in 2021, jumping by 16% against the previous year.

What is the average import price for boring or sinking machinery in Libya?

In 2021, the average boring machinery import price amounted to $3.5 per unit, rising by 40% against the previous year.

This report provides an in-depth analysis of the boring machinery market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023