Libya: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Libya

In 2022, the Libyan continuous-action elevators and conveyors market decreased by X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption, however, showed a measured increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Libya

In 2022, overseas shipments of continuous-action elevators and conveyors decreased by X% to X units, falling for the second year in a row after five years of growth. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports reached $X in 2022. Over the period under review, exports saw a pronounced decline. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tunisia (X units) was the main destination for continuous-action elevators and conveyors exports from Libya, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tunisia amounted to X%.

In value terms, Tunisia ($X) also remains the key foreign market for continuous-action elevators and conveyors exports from Libya.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia totaled X%.

Export Prices by Country

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, growing by X% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Tunisia amounted to X% per year.

Imports of Continuous-Action Elevators And Conveyors

Imports into Libya

Continuous-action elevators and conveyors imports into Libya declined to X units in 2022, with a decrease of X% on the previous year. Overall, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports reduced to $X in 2022. In general, imports, however, continue to indicate a temperate increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, France (X units) constituted the largest supplier of continuous-action elevators and conveyors to Libya, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold. The third position in this ranking was taken by China (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

In value terms, Belgium ($X), Turkey ($X) and South Korea ($X) appeared to be the largest continuous-action elevators and conveyors suppliers to Libya, together comprising X% of total imports. France, Portugal, China, Italy, Germany, the United States, India and Sweden lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 continuous-action elevators and conveyors import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, continuous-action elevators and conveyors import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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