Libya: Lithium Battery Market 2025

Lithium Battery Market Size in Libya

The Libyan lithium battery market surged to $X in 2021, growing by 51% 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, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Lithium Battery Exports

Exports from Libya

In 2021, approx. X kg of lithium cells ans batteries were exported from Libya; increasing by 100% on the year before. Over the period under review, exports, however, showed a deep slump. Over the period under review, the exports reached the maximum at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, lithium battery exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X kg) was the main destination for lithium battery exports from Libya, with a approx. 100% share of total exports.

From 2014 to 2021, 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 lithium cells ans batteries exports from Libya.

From 2014 to 2021, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2021, the average lithium battery export price amounted to $X per ton, growing by 1,723% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Lithium Battery Imports

Imports into Libya

In 2021, imports of lithium cells ans batteries into Libya surged to X tons, increasing by 28% against the previous year's figure. In general, imports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 306%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, lithium battery imports surged to $X in 2021. Overall, imports saw a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by 420% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest lithium battery supplier to Libya, with a 37% share of total imports. Moreover, lithium battery imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.6% per year) and Turkey (+1.6% per year).

In value terms, China ($X), the UK ($X) and Malta ($X) constituted the largest lithium battery suppliers to Libya, with a combined 38% share of total imports. Germany, Singapore, Turkey, the United States, Spain, the United Arab Emirates and France lagged somewhat behind, together comprising a further 21%.

Spain, with a CAGR of +191.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average lithium battery import price amounted to $X per ton, jumping by 44% against the previous year. In general, the import price enjoyed a measured increase. The pace of growth appeared the most rapid in 2015 an increase of 116%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform