Libya: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Libya

In 2021, the Libyan market for in-hand motor grinders, sanders and planers increased by 21% to $X, rising for the fourth year in a row after four years of decline. Overall, consumption enjoyed modest growth. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Libya

In 2021, overseas shipments of in-hand motor grinders, sanders and planers decreased by -33.3% to X units, falling for the fourth year in a row after six years of growth. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 150% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers reduced slightly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 228%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) and Sudan (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Libya.

From 2012 to 2021, the biggest increases were in Sudan (with a CAGR of 0.0%).

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Libya were Bosnia and Herzegovina ($X) and Sudan ($X).

Bosnia and Herzegovina, with a CAGR of +3.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, increasing by 45% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for in-hand motor grinders, sanders and planers increased by +88.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 84%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Sudan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Libya

In 2021, purchases abroad of in-hand motor grinders, sanders and planers increased by 16% to X units, rising for the fourth consecutive year after four years of decline. In general, imports saw noticeable growth. The pace of growth was the most pronounced in 2019 when imports increased by 243%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 162%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electromechanical tools for working in the hand, with self-contained electric motor to Libya, accounting for a 95% share of total imports. It was followed by Turkey (X units), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+37.6% per year) and Germany (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Libya, comprising 88% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+24.6% per year) and Germany (-5.2% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, growing by 11% against the previous year. In general, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2017 an increase of 87%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :