Libya: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Libya

The Libyan market for instruments for measuring electrical quantities skyrocketed to $X in 2021, rising by 64% 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 posted a resilient increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Exports of Instruments for Measuring Electrical Quantities

Exports from Libya

In 2021, shipments abroad of instruments for measuring electrical quantities was finally on the rise to reach X units for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, continue to indicate a sharp decrease. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports amounted to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), Germany (X units) and the Netherlands (X units) were the main destinations of instruments for measuring electrical quantities exports from Libya, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of -7.8%), while shipments for the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for instruments for measuring electrical quantities exports from Libya, comprising 89% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.6% per year) and the Netherlands (-48.2% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, with a decrease of -30.1% against the previous year. Overall, the export price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 302%. The export price peaked at $X per unit in 2020, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($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 Germany (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Libya

In 2021, imports of instruments for measuring electrical quantities into Libya skyrocketed to X units, rising by 33% against 2020. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 167%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. Overall, imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 211% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X units), China (X units) and Turkey (X units) were the main suppliers of instruments for measuring electrical quantities imports to Libya, with a combined 86% share of total imports. These countries were followed by Slovenia and Italy, which together accounted for a further 3.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +60.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of instruments for measuring electrical quantities to Libya, comprising 72% of total imports. The second position in the ranking was taken by Italy ($X), with a 4% share of total imports. It was followed by China, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.7% per year) and China (+6.6% per year).

Import Prices by Country

The average import price for instruments for measuring electrical quantities stood at $X per unit in 2021, surging by 88% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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