Libya: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2025

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Libya

The Libyan market for fully or partly automatic electric machines for arc welding of metals shrank notably to $X in 2022, with a decrease of -20.6% 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 contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Libya

In 2021, shipments abroad of fully or partly automatic electric machines for arc welding of metals decreased by 0% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 100% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals stood at $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 58%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Italy (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from Libya, accounting for a approx. 55% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Italy was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average export price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price decreased by -21%. The export price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to -23.4% per year.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Libya

In 2022, imports of fully or partly automatic electric machines for arc welding of metals into Libya reduced markedly to X units, with a decrease of -21.6% against 2021. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 1,231%. Over the period under review, imports of attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals reduced markedly to $X in 2022. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 1,835%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest fully or partly automatic arc welding machine supplier to Libya, accounting for a 72% share of total imports. Moreover, imports of fully or partly automatic electric machines for arc welding of metals from France exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was taken by the United States (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.0% per year) and the United States (-5.4% per year).

In value terms, France ($X) constituted the largest supplier of fully or partly automatic electric machines for arc welding of metals to Libya, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by India, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.9% per year) and India (-21.0% per year).

Import Prices by Country

In 2022, the average import price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, declining by -3.5% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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