Libya: Smart Card Market 2025

Smart Card Market Size in Libya

The Libyan smart card market expanded to $X in 2022, growing by 3.4% against the previous year. In general, consumption, however, saw a buoyant increase. Smart card consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Smart Card Production in Libya

In value terms, smart card production totaled $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The growth pace was the most rapid in 2016 with an increase of 61%. Smart card production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Smart Card Exports

Exports from Libya

In 2022, after two years of growth, there was significant decline in shipments abroad of cards incorporating an electronic integrated circuit (smart card), when their volume decreased by -17.4% to X units. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,200%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, smart card exports dropped sharply to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 5,133%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for smart card exports from Libya, with a 92% share of total exports. It was followed by Malta (X units), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (0.0% per year) and South Korea (0.0% per year).

In value terms, France ($X) remains the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Libya, comprising 97% of total exports. The second position in the ranking was held by South Korea ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+16.7% per year) and Malta (0.0% per year).

Export Prices by Country

The average smart card export price stood at $X per unit in 2022, shrinking by -8.8% against the previous year. Over the period under review, the export price, however, saw resilient growth. The growth pace was the most rapid in 2020 an increase of 303% against the previous year. The export price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Malta ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+16.7%), while the prices for the other major destinations experienced mixed trend patterns.

Smart Card Imports

Imports into Libya

In 2022, purchases abroad of cards incorporating an electronic integrated circuit (smart card) decreased by -4.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 250%. Imports peaked at X units in 2021, and then shrank slightly in the following year.

In value terms, smart card imports shrank to $X in 2022. Over the period under review, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 282% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Romania (X units) constituted the largest supplier of smart card to Libya, accounting for a 50% share of total imports. Moreover, smart card imports from Romania exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Spain (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania stood at +61.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.9% per year) and Spain (+7.9% per year).

In value terms, the largest smart card suppliers to Libya were Romania ($X), Spain ($X) and Egypt ($X), with a combined 62% share of total imports.

In terms of the main suppliers, Romania, with a CAGR of +40.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, reducing by -2.8% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($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 (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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