Report Update Nov 1, 2024

Libya - Conveyor or Transmission Belts or Belting - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Libya

The Libyan conveyor or transmission belt market surged to $X in 2021, jumping by 47% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Libya

In value terms, conveyor or transmission belt production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. Conveyor or transmission belt production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Libya

For the fifth consecutive year, Libya recorded growth in overseas shipments of conveyor or transmission belts or belting, which increased by 117% to X kg in 2021. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 500%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, conveyor or transmission belt exports shrank remarkably to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1,260%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

China (X kg) was the main destination for conveyor or transmission belt exports from Libya, accounting for a 80% share of total exports. Moreover, conveyor or transmission belt exports to China exceeded the volume sent to the second major destination, South Korea (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +63.9%.

In value terms, China ($X) emerged as the key foreign market for conveyor or transmission belts or belting exports from Libya, comprising 81% of total exports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +66.9%.

Export Prices by Country

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, dropping by -68.5% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 an increase of 129% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-2.1%).

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Libya

In 2021, approx. X tons of conveyor or transmission belts or belting were imported into Libya; jumping by 261% compared with the previous year. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, conveyor or transmission belt imports surged to $X in 2021. In general, imports showed pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of conveyor or transmission belt imports to Libya, together comprising 85% of total imports. Spain, the Netherlands, Italy and South Korea lagged somewhat behind, together comprising a further 7.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +55.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt suppliers to Libya were Turkey ($X), China ($X) and the United Arab Emirates ($X), with a combined 59% share of total imports.

Turkey, with a CAGR of +24.6%, recorded 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

In 2021, the average conveyor or transmission belt import price amounted to $X per ton, falling by -23.4% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 27%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 South Korea ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for conveyor or transmission belts or belting in the world?

The countries with the highest volumes of conveyor or transmission belt consumption in 2020 were the United States, China and Russia, together accounting for 54% of global consumption. Indonesia, Mexico, Japan, Germany, Canada, Brazil, India, Turkey and South Korea lagged somewhat behind, together comprising a further 21%.

What are the largest producers of conveyor or transmission belts or belting in the world?

The countries with the highest volumes of conveyor or transmission belt production in 2020 were China, the United States and Russia, with a combined 69% share of global production. Mexico, Indonesia, Poland, Japan, Germany, Turkey, India, Thailand and Taiwan Chinese) lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of conveyor or transmission belts or belting to Libya?

In value terms, the United Arab Emirates, Germany and Turkey constituted the largest conveyor or transmission belt suppliers to Libya, together accounting for 46% of total imports.

What are the leading importers of conveyor or transmission belts or belting from Libya?

In value terms, Greece emerged as the key foreign market for conveyor or transmission belt exports from Libya, comprising 93% of total exports. The second position in the ranking was occupied by China $75), with a 6.9% share of total exports.

What is the average export price for conveyor or transmission belts or belting in Libya?

The average conveyor or transmission belt export price stood at $120,889 per ton in 2020, growing by 159% against the previous year.

What is the average import price for conveyor or transmission belts or belting in Libya?

The average conveyor or transmission belt import price stood at $6,334 per ton in 2020, shrinking by -14.6% against the previous year.

This report provides an in-depth analysis of the market for conveyor or transmission belt 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 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
Prodcom 22194050 - Rubber conveyor belts
Prodcom 22194070 - Rubber synchronous belts
Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)

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