Libya: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Libya

In 2022, after two years of decline, there was significant growth in the Libyan market for lifts, elevators, moving stairways and draglines, when its value increased by 151% to $X. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Libya

In 2020, the amount of lifts, elevators, moving stairways and draglines exported from Libya was estimated at X units, approximately equating the previous year. In general, exports saw a deep slump. The smallest decline of 99.9% was in 2015. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2020, the exports remained at a lower figure.

In value terms, lift, elevator, stairway and dragline exports soared to $X in 2020. Overall, exports saw a precipitous contraction. The exports peaked at $X in 2014; however, from 2015 to 2020, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for lift, elevator, stairway and dragline exports from Libya, accounting for a approx. 100% share of total exports.

From 2014 to 2020, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for lifts, elevators, moving stairways and draglines exports from Libya.

From 2014 to 2020, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

In 2020, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, picking up by 454% against the previous year. Over the period under review, the export price, however, saw a sharp downturn. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

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

From 2014 to 2020, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Libya

After two years of decline, purchases abroad of lifts, elevators, moving stairways and draglines increased by 171% to X units in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 277%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lift, elevator, stairway and dragline imports surged to $X in 2022. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 227%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, France (X units) constituted the largest supplier of lift, elevator, stairway and dragline to Libya, with a 53% share of total imports. Moreover, lift, elevator, stairway and dragline imports from France exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was taken by Belgium (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.7% per year) and Belgium (+20.4% per year).

In value terms, Turkey ($X), Belgium ($X) and Slovakia ($X) constituted the largest lift, elevator, stairway and dragline suppliers to Libya, with a combined 60% share of total imports.

Slovakia, with a CAGR of +145.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, shrinking by -10.5% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 40% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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