Report Update Nov 1, 2024

Libya - Electric Radiators and Convection Heaters - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Electric Radiator Market 2024

Electric Radiator Market Size in Libya

The Libyan electric radiator market fell significantly to $X in 2021, declining by -35.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a deep downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Electric Radiator Exports

Exports from Libya

In 2018, after two years of decline, there was significant growth in shipments abroad of electric radiators and convection heaters, when their volume increased by 100% to X units. Overall, exports saw a relatively flat trend pattern. The exports peaked at X units in 2015; however, from 2016 to 2018, the exports failed to regain momentum.

In value terms, electric radiator exports declined dramatically to $X in 2018. In general, exports, however, showed a deep setback. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units) and Egypt (X units) were the main destinations of electric radiator exports from Libya. Moreover, electric radiator exports in Bosnia and Herzegovina exceeded the figures recorded by the second-largest exporter, Egypt, twofold.

From 2013 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of 0.0%).

In value terms, the largest markets for electric radiator exported from Libya were Bosnia and Herzegovina ($X) and Egypt ($X).

Bosnia and Herzegovina, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2018, the average electric radiator export price amounted to $X per unit, shrinking by -58.1% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2016 an increase of 32% against the previous year. The export price peaked at $X per unit in 2017, and then dropped significantly in the following year.

Average prices varied somewhat for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Bosnia and Herzegovina amounted to $X per unit.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+83.8%).

Electric Radiator Imports

Imports into Libya

In 2021, approx. X units of electric radiators and convection heaters were imported into Libya; falling by -47.1% against the previous year's figure. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 473%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electric radiator imports shrank remarkably to $X in 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by 367% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electric radiator supplier to Libya, accounting for a 61% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. Bulgaria (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-29.0% per year) and Bulgaria (+2.1% per year).

In value terms, China ($X) constituted the largest supplier of electric radiators and convection heaters to Libya, comprising 50% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 24% share of total imports. It was followed by Turkey, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+4.3% per year) and Turkey (-31.4% per year).

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2021, picking up by 41% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), 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 electric radiators and convection heaters in the world?

South Africa remains the largest electric radiator consuming country worldwide, accounting for 62% of total volume. Moreover, electric radiator consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, eightfold. The third position in this ranking was occupied by China, with a 3.7% share.

What are the largest producers of electric radiators and convection heaters in the world?

China remains the largest electric radiator producing country worldwide, accounting for 59% of total volume. Moreover, electric radiator production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Russia ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of electric radiators and convection heaters to Libya?

In value terms, China constituted the largest supplier of electric radiator to Libya, comprising 75% of total imports. The second position in the ranking was occupied by Turkey, with an 11% share of total imports. It was followed by Bulgaria, with a 6.5% share.

What is the average export price for electric radiators and convection heaters in Libya?

In 2018, the average electric radiator export price amounted to $97 per unit, picking up by 154% against the previous year.

What is the average import price for electric radiators and convection heaters in Libya?

The average electric radiator import price stood at $29 per unit in 2021, with an increase of 58% against the previous year.

This report provides an in-depth analysis of the electric radiator 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

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