Report Update Nov 1, 2024

Libya - Cranks and Crankshafts - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Libya

In 2022, the Libyan cranks and crankshafts market decreased by -29.7% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Cranks And Crankshafts Exports

Exports from Libya

In 2022, overseas shipments of cranks and crankshafts decreased by -1.3% to X kg for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 362% against the previous year. As a result, the exports reached the peak of X kg. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, cranks and crankshafts exports reduced to $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 418%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X kg) was the main destination for cranks and crankshafts exports from Libya, accounting for a 83% share of total exports. Moreover, cranks and crankshafts exports to Turkey exceeded the volume sent to the second major destination, Egypt (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for cranks and crankshafts exports from Libya, comprising 73% of total exports. The second position in the ranking was held by Egypt ($X), with a 27% share of total exports.

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

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, declining by -5.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+23.5%), while the prices for the other major destinations experienced mixed trend patterns.

Cranks And Crankshafts Imports

Imports into Libya

In 2022, purchases abroad of cranks and crankshafts decreased by -31% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 136%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell markedly in the following year.

In value terms, cranks and crankshafts imports shrank sharply to $X in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 138%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Singapore (X tons) were the main suppliers of cranks and crankshafts imports to Libya, together accounting for 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +67.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Singapore ($X) and Turkey ($X) appeared to be the largest cranks and crankshafts suppliers to Libya, with a combined 55% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +70.6%, recorded the highest growth rate of 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 cranks and crankshafts import price stood at $X per ton in 2022, surging by 2.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 58%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.4%), 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 cranks and crankshafts in the world?

The country with the largest volume of cranks and crankshafts consumption was the United States, accounting for 57% of total volume. Moreover, cranks and crankshafts consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by India, with a 4.4% share.

What are the largest producers of cranks and crankshafts in the world?

The country with the largest volume of cranks and crankshafts production was the United States, accounting for 57% of total volume. Moreover, cranks and crankshafts production in the United States exceeded the figures recorded by the second-largest producer, China, fivefold. India ranked third in terms of total production with a 5.2% share.

What are the leading suppliers of cranks and crankshafts to Libya?

In value terms, Germany constituted the largest supplier of cranks and crankshafts to Libya, comprising 35% of total imports. The second position in the ranking was occupied by China, with a 16% share of total imports. It was followed by Turkey, with a 16% share.

What are the leading importers of cranks and crankshafts from Libya?

In value terms, Egypt $261) remains the key foreign market for cranks and crankshafts exports from Libya, comprising 95% of total exports. The second position in the ranking was occupied by China $14), with a 5.1% share of total exports.

What is the average export price for cranks and crankshafts in Libya?

The average cranks and crankshafts export price stood at $13,750 per ton in 2021, declining by -2.1% against the previous year.

What is the average import price for cranks and crankshafts in Libya?

In 2021, the average cranks and crankshafts import price amounted to $12,196 per ton, shrinking by -36.9% against the previous year.

This report provides an in-depth analysis of the cranks and crankshafts 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 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

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