Libya: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Libya

The Libyan optical radiation instruments market surged to $X in 2022, with an increase of 15% 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). Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Optical Radiation Instruments Exports

Exports from Libya

In 2022, after two years of decline, there was significant decline in overseas shipments of instruments using optical radiations, when their volume decreased by -24.2% to X units. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 540%. The exports peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, optical radiation instruments exports contracted to $X in 2022. Overall, exports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2019 when exports increased by 454% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

The Czech Republic (X units), Sweden (X units) and Belgium (X units) were the main destinations of optical radiation instruments exports from Libya.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +34.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for optical radiation instruments exported from Libya were Belgium ($X), Sweden ($X) and the Czech Republic ($X), with a combined 99.9% share of total exports.

Belgium, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average optical radiation instruments export price stood at $X per unit in 2022, jumping by 16% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-28.9%).

Optical Radiation Instruments Imports

Imports into Libya

In 2022, the amount of instruments using optical radiations imported into Libya skyrocketed to X units, growing by 39% compared with the previous year's figure. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 689%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, optical radiation instruments imports fell to $X in 2022. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 575% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell modestly in the following year.

Imports by Country

China (X units), Germany (X units) and South Korea (X units) were the main suppliers of optical radiation instruments imports to Libya, together comprising 79% of total imports. France, the Netherlands, Poland, Austria, Malta, Italy, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +79.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments using optical radiations to Libya, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.8% per year) and South Korea (+36.8% per year).

Import Prices by Country

The average optical radiation instruments import price stood at $X per unit in 2022, declining by -30.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 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 the United Arab Emirates ($X per unit), while the price for China ($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 United Arab Emirates (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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