Libya: Electronic Chip Market 2025

Electronic Chip Market Size in Libya

The Libyan electronic chip market surged to $X in 2021, rising by 15% 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). In general, consumption faced a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electronic Chip Exports

Exports from Libya

For the third year in a row, Libya recorded growth in shipments abroad of electronic chips, which increased by 42% to X units in 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 805%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic chip exports stood at $X in 2021. In general, exports posted temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of 251% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X units), France (X units) and the Netherlands (X units) were the main destinations of electronic chip exports from Libya, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +21.0%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for electronic chips exports from Libya, comprising 61% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and the Netherlands (-33.5% per year).

Export Prices by Country

The average electronic chip export price stood at $X per unit in 2021, falling by -19.8% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 351%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Switzerland (less than $X per unit) 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 (+5.9%), while the prices for the other major destinations experienced a decline.

Electronic Chip Imports

Imports into Libya

After three years of growth, purchases abroad of electronic chips decreased by -12.2% to X units in 2021. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by 407%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electronic chip imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 332% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of electronic chip to Libya, with a 34% share of total imports. Moreover, electronic chip imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Italy (X units), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.1% per year) and Italy (-0.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electronic chips to Libya, comprising 37% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 8% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled -20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+61.8% per year) and Germany (-7.9% per year).

Import Prices by Country

In 2021, the average electronic chip import price amounted to $X per unit, picking up by 47% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip import price increased by +73.6% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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