Report Update Jan 1, 2025

Libya - Gear Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Gear Box Market 2025

Gear Box Market Size in Libya

The Libyan gear box market contracted rapidly to $X in 2022, waning by -18.3% 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 saw a perceptible downturn. 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.

Gear Box Exports

Exports from Libya

In 2022, shipments abroad of gear boxes was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 668% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, gear box exports skyrocketed to $X in 2022. In general, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 359%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for gear box exports from Libya, with a 82% share of total exports. Moreover, gear box exports to Spain exceeded the volume sent to the second major destination, Egypt (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for gear boxes exports from Libya, comprising 83% of total exports. The second position in the ranking was taken by Egypt ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

In 2022, the average gear box export price amounted to $X per unit, remaining stable against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Egypt totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+13.6%).

Gear Box Imports

Imports into Libya

Gear box imports into Libya fell rapidly to X units in 2022, waning by -24.2% compared with the year before. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 180%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, gear box imports shrank markedly to $X in 2022. In general, imports saw a noticeable contraction. The growth pace was the most rapid in 2019 when imports increased by 175% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and Turkey (X units) were the main suppliers of gear box imports to Libya, with a combined 70% share of total imports. The United Arab Emirates, Austria, Switzerland, Taiwan (Chinese), India, Germany and Romania lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of gear boxes to Libya, comprising 53% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Turkey, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.9% per year) and Turkey (+0.2% per year).

Import Prices by Country

In 2022, the average gear box import price amounted to $X per unit, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2021 when the average import price increased by 29% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Germany ($X per unit), while the price for Taiwan (Chinese) ($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 (+5.5%), 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 gear boxes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 43% of global consumption. Japan, Germany, Brazil, Indonesia, Mexico, Italy, South Korea, France, Saudi Arabia and Canada lagged somewhat behind, together comprising a further 35%.

What are the largest producers of gear boxes in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, together accounting for 44% of global production. These countries were followed by Germany, India, South Korea, Indonesia, Brazil, Italy, Mexico, France and Saudi Arabia, which together accounted for a further 40%.

What are the leading suppliers of gear boxes to Libya?

In value terms, Italy constituted the largest supplier of gear box to Libya, comprising 56% of total imports. The second position in the ranking was occupied by Turkey, with an 8.8% share of total imports. It was followed by China, with an 8.7% share.

What are the leading importers of gear boxes from Libya?

In value terms, the largest markets for gear box exported from Libya were Chile and Egypt.

What is the average export price for gear boxes in Libya?

The average gear box export price stood at $14 per unit in 2021, falling by -36.2% against the previous year.

What is the average import price for gear boxes in Libya?

In 2021, the average gear box import price amounted to $9.2 per unit, with an increase of 11% against the previous year.

This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024