Report Update Nov 1, 2024

Libya - Grinding and Sharpening Metal Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Libya

The Libyan grinding and sharpening machine market surged to $X in 2022, growing by 20% 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, however, showed a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Libya

In 2022, the amount of grinding and sharpening metal finishing machines exported from Libya was estimated at X units, standing approx. at 2021. Overall, exports enjoyed a remarkable increase. The smallest decline of 99.9% was in 2017. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, grinding and sharpening machine exports totaled $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 631% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for grinding and sharpening machine exports from Libya, accounting for a approx. 100% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to India was relatively modest.

From 2016 to 2022, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, flattening at the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for India amounted to 0.0% per year.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Libya

In 2022, approx. X units of grinding and sharpening metal finishing machines were imported into Libya; increasing by 51% compared with 2021 figures. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 321%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, grinding and sharpening machine imports surged to $X in 2022. In general, imports posted a modest expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 593%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding and sharpening machine to Libya, accounting for a 34% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.4% per year) and Turkey (-7.3% per year).

In value terms, China ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Libya, comprising 66% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by Turkey, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-2.7% per year) and Turkey (-4.7% per year).

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, surging by 2.8% against the previous year. Over the period under review, the import price enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 199%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.6%), 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 grinding and sharpening metal finishing machines in the world?

China remains the largest grinding and sharpening machine consuming country worldwide, comprising approx. 40% of total volume. Moreover, grinding and sharpening machine consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, fourfold. The third position in this ranking was occupied by the United States, with a 5.5% share.

What are the largest producers of grinding and sharpening metal finishing machines in the world?

China constituted the country with the largest volume of grinding and sharpening machine production, comprising approx. 55% of total volume. Moreover, grinding and sharpening machine production in China exceeded the figures recorded by the second-largest producer, Germany, tenfold. The United States ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of grinding and sharpening metal finishing machines to Libya?

In value terms, Germany, China and Turkey constituted the largest grinding and sharpening machine suppliers to Libya, together comprising 79% of total imports. The UK and the Netherlands lagged somewhat behind, together comprising a further 15%.

What are the leading importers of grinding and sharpening metal finishing machines from Libya?

In value terms, Bosnia and Herzegovina $921) remains the key foreign market for grinding and sharpening machine exports from Libya.

What is the average export price for grinding and sharpening metal finishing machines in Libya?

The average grinding and sharpening machine export price stood at $307 per unit in 2017, surging by 162% against the previous year.

What is the average import price for grinding and sharpening metal finishing machines in Libya?

The average grinding and sharpening machine import price stood at $516 per unit in 2021, growing by 124% against the previous year.

This report provides an in-depth analysis of the market for grinding and sharpening machine 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 28412305 - Numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412315 - Numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412325 - Other numerically controlled grinding machines in which the positioning in any one axis can be set up to accuracy > 0,01 mm
Prodcom 28412335 - Non-numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412345 - Non-numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412355 - Grinding machines for working metal, any one axis can be set to an accuracy . 0,01 mm excluding flat-surface grinding machines, cylindrical surface grinding machines
Prodcom 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working metal
Prodcom 28412375 - Non-numerically controlled sharpening (tool or cutter grinding) machines for working metal

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