Libya: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Libya

In 2021, the Libyan electrical circuit apparatus market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, recorded a pronounced decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Libya

Electrical circuit apparatus exports from Libya totaled X tons in 2021, approximately mirroring the previous year's figure. Overall, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2018 when exports increased by 1,546%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports contracted to $X in 2021. In general, exports, however, continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2018 with an increase of 2,959% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for electrical circuit apparatus exports from Libya, with a 69% share of total exports. Moreover, electrical circuit apparatus exports to the Netherlands exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+41.3% per year) and France (-53.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for electrical circuit apparatus exports from Libya, comprising 72% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-6.1% per year) and France (-56.9% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, which is down by -11.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 86%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.1%), while the prices for the other major destinations experienced a decline.

Electrical Circuit Apparatus Imports

Imports into Libya

In 2021, electrical circuit apparatus imports into Libya rose sharply to X tons, picking up by 7% compared with the year before. Overall, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2013 when imports increased by 41%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, electrical circuit apparatus imports expanded significantly to $X in 2021. Over the period under review, imports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2013 with an increase of 69% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of electrical circuit apparatus imports to Libya, with a combined 67% share of total imports. These countries were followed by the United Arab Emirates, Portugal, Tunisia, Saudi Arabia, Poland, South Korea, France, Malta, Bulgaria, Spain, Germany and the UK, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +133.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical circuit apparatus suppliers to Libya were Italy ($X), China ($X) and Turkey ($X), with a combined 48% share of total imports. The United Arab Emirates, Portugal, Tunisia, Poland, Malta, South Korea, Germany, France, the UK, Spain, Bulgaria and Saudi Arabia lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Portugal, with a CAGR of +100.3%, 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 electrical circuit apparatus import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2013 an increase of 20%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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