Report Update Nov 1, 2024

Libya - Machine-Tools for Drilling, Boring or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Libya: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Libya

The Libyan machine-tool for drilling market shrank to $X in 2022, with a decrease of -11% 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 recorded resilient growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Machine-Tool For Drilling Exports

Exports from Libya

In 2021, exports of machine-tools for drilling, boring or milling metal from Libya stood at less than X units, leveling off at 2020. Over the period under review, exports showed a dramatic decline. The smallest decline of -70% was in 2019. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports stood at $X in 2021. In general, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 2,671% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for machine-tool for drilling exports from Libya, accounting for a approx. 100% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for machine-tools for drilling, boring or milling metal exports from Libya.

From 2018 to 2019, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2019, jumping by 22% against the previous year. Over the last one years, it increased at an average annual rate of +22.0%. As a result, the export price attained 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 Italy.

From 2018 to 2019, the rate of growth in terms of prices for Italy amounted to 0.0% per year.

Machine-Tool For Drilling Imports

Imports into Libya

In 2022, the amount of machine-tools for drilling, boring or milling metal imported into Libya totaled X units, picking up by 3.1% on the year before. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 359%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, machine-tool for drilling imports contracted significantly to $X in 2022. Overall, imports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 536%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Libya, accounting for a 65% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was held by the United States (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+40.7% per year) and the United States (+4.6% per year).

In value terms, the largest machine-tool for drilling suppliers to Libya were Italy ($X), Turkey ($X) and the UK ($X), together accounting for 56% of total imports.

Turkey, with a CAGR of +12.6%, saw 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

The average machine-tool for drilling import price stood at $X per unit in 2022, dropping by -43.9% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 88% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine-tools for drilling, boring or milling metal in the world?

The country with the largest volume of machine-tool for drilling consumption was China, accounting for 27% of total volume. Moreover, machine-tool for drilling consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fourfold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the largest producers of machine-tools for drilling, boring or milling metal in the world?

The countries with the highest volumes of machine-tool for drilling production in 2021 were China, the Netherlands and Japan, together accounting for 56% of global production.

What are the leading suppliers of machine-tools for drilling, boring or milling metal to Libya?

In value terms, Italy constituted the largest supplier of machine-tool for drilling to Libya, comprising 52% of total imports. The second position in the ranking was occupied by China, with a 22% share of total imports. It was followed by the UK, with a 15% share.

What is the average export price for machine-tools for drilling, boring or milling metal in Libya?

In 2019, the average machine-tool for drilling export price amounted to $24,308 per ton, growing by 268% against the previous year.

What is the average import price for machine-tools for drilling, boring or milling metal in Libya?

The average machine-tool for drilling import price stood at $16,950 per ton in 2021, waning by -11.3% against the previous year.

This report provides an in-depth analysis of the machine-tool for drilling 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 28412213 - Numerically controlled drilling machines for working metal (excluding way-type unit head machines)
Prodcom 28412217 - Numerically controlled knee-type milling machines for working metal (excluding boring-milling machines)
Prodcom 28412223 - Numerically controlled tool-milling machines for working metal (excluding boring-milling machines, knee-type machines)
Prodcom 28412225 - Numerically controlled milling machines for working metal (including plano-milling machines) (excluding boring-milling machines, knee-type, tool-milling machines)
Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
Prodcom 28412235 - Non-numerically controlled drilling machines for working metal (excluding way-type unit head machines)
Prodcom 28412240 - Numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
Prodcom 28412260 - Non-numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
Prodcom 28412270 - Non-numerically controlled milling machines for working metal (excluding boring-milling machines)

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023