Libya: Computing Machinery Market 2024

Computing Machinery Market Size in Libya

After two years of decline, the Libyan computing machinery market increased by 82% to $X in 2021. Overall, consumption, however, saw a abrupt downturn. Computing machinery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Computing Machinery Exports

Exports from Libya

For the third year in a row, Libya recorded growth in overseas shipments of computing machinery and parts and accessories thereof, which increased by 23% to X tons in 2021. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 93%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, computing machinery exports surged to $X in 2021. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 116% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Serbia (X kg), Hungary (X kg) and the Netherlands (X kg) were the main destinations of computing machinery exports from Libya, with a combined 4.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +36.9%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) emerged as the key foreign market for computing machinery and parts and accessories thereof exports from Libya, comprising 7.8% of total exports. The second position in the ranking was held by Italy ($X), with a 3.3% share of total exports. It was followed by the Netherlands, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary amounted to +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+50.0% per year) and the Netherlands (+19.0% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, declining by -2.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+4,032.4%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Libya

In 2021, the amount of computing machinery and parts and accessories thereof imported into Libya skyrocketed to X tons, increasing by 80% compared with 2020 figures. Overall, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 262%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, computing machinery imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 349% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of computing machinery imports to Libya, together comprising 23% of total imports. These countries were followed by the United Arab Emirates, Hong Kong SAR, France, Turkey, the UK, Italy, Austria and Japan, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +58.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Libya, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.4% share of total imports. It was followed by the UK, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.7% per year) and the UK (+19.2% per year).

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, increasing by 1.6% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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