Libya: Crane Market 2025

Crane Market Size in Libya

In 2022, the Libyan crane market increased by 1% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, saw a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crane Production in Libya

In value terms, crane production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crane Exports

Exports from Libya

In 2022, crane exports from Libya fell modestly to X units, with a decrease of -2.6% compared with 2021 figures. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 82% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, crane exports fell modestly to $X in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 82% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of crane exports from Libya.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +23.9%), while the other leaders experienced a decline.

In value terms, the Netherlands ($X) remains the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Libya, comprising 66% of total exports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total exports. It was followed by Spain, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-27.0% per year) and Spain (-12.8% per year).

Export Prices by Country

In 2022, the average crane export price amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 156%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Spain ($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 the Netherlands (+29.8%), while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into Libya

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Libya; reducing by -14.4% compared with the year before. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 510%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crane imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 471%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units), Italy (X units) and Malta (X units) were the main suppliers of crane imports to Libya, together accounting for 50% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +29.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malta ($X) constituted the largest supplier of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Libya, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by India, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Malta totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.6% per year) and India (+20.6% per year).

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, which is down by -15.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Malta ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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