Report Update Feb 1, 2025

Libya - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Libya

The Libyan interchangeable spanner socket market shrank to $X in 2022, waning by -11.3% 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). In general, consumption continues to indicate a perceptible reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Interchangeable Spanner Socket Exports

Exports from Libya

In 2022, exports of interchangeable spanner sockets from Libya skyrocketed to X kg, rising by 206% on 2021 figures. In general, exports, however, continue to indicate a deep downturn. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, interchangeable spanner socket exports fell notably to $X in 2022. Over the period under review, exports, however, faced a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 317%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malta (X kg) and Canada (X kg) were the main destinations of interchangeable spanner socket exports from Libya.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of 0.0%).

In value terms, Malta ($X) remains the key foreign market for interchangeable spanner sockets exports from Libya, comprising 71% of total exports. The second position in the ranking was held by Canada ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malta amounted to -18.1%.

Export Prices by Country

In 2022, the average interchangeable spanner socket export price amounted to $X per ton, falling by -79.8% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2021 an increase of 473%. As a result, the export price reached the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (-3.8%).

Interchangeable Spanner Socket Imports

Imports into Libya

Interchangeable spanner socket imports into Libya shrank modestly to X tons in 2022, waning by -1.7% compared with the previous year's figure. In general, imports showed a pronounced setback. The pace of growth was the most pronounced in 2019 when imports increased by 172%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, interchangeable spanner socket imports declined to $X in 2022. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 169% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of interchangeable spanner socket to Libya, accounting for a 75% share of total imports. Moreover, interchangeable spanner socket imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.2% per year) and Egypt (0.0% per year).

In value terms, China ($X) constituted the largest supplier of interchangeable spanner sockets to Libya, comprising 55% of total imports. The second position in the ranking was taken by Egypt ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (0.0% per year) and Taiwan (Chinese) (-12.8% per year).

Import Prices by Country

The average interchangeable spanner socket import price stood at $X per ton in 2022, dropping by -13.5% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for interchangeable spanner sockets in the world?

The countries with the highest volumes of interchangeable spanner socket consumption in 2021 were China, the United States and India, together accounting for 50% of global consumption. These countries were followed by Russia, Germany, Mexico, Turkey, Japan, the UK, Spain, the Netherlands, Poland and Taiwan Chinese), which together accounted for a further 28%.

What are the largest producers of interchangeable spanner sockets in the world?

The country with the largest volume of interchangeable spanner socket production was China, accounting for 46% of total volume. Moreover, interchangeable spanner socket production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), twofold. The third position in this ranking was occupied by India, with a 10% share.

What are the leading suppliers of interchangeable spanner sockets to Libya?

In value terms, China constituted the largest supplier of interchangeable spanner socket to Libya, comprising 58% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 12% share of total imports.

What are the leading importers of interchangeable spanner sockets from Libya?

In value terms, Malta $176) remains the key foreign market for interchangeable spanner socket exports from Libya.

What is the average export price for interchangeable spanner sockets in Libya?

In 2021, the average interchangeable spanner socket export price amounted to $14,667 per ton, declining by -27.3% against the previous year.

What is the average import price for interchangeable spanner sockets in Libya?

The average interchangeable spanner socket import price stood at $4,889 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the interchangeable spanner socket 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 25733037 - Interchangeable spanner sockets

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