Report Update Nov 1, 2024

Libya - Machine Tools for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Libya

In 2021, the Libyan machine-tool for working metal market decreased by -36.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from Libya

For the fifth year in a row, Libya recorded growth in shipments abroad of machine tools for working metal, which increased by 416% to X units in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 720% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working metal exports surged to $X in 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,430%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +84.1%.

In value terms, Italy ($X) also remains the key foreign market for machine tools for working metal exports from Libya.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +124.2%.

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2021, declining by -62.4% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 562%. As a result, the export price attained the peak level of $X per unit, and then declined markedly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +21.8% per year.

Imports of Machine Tools For Working Metal

Imports into Libya

In 2021, imports of machine tools for working metal into Libya skyrocketed to X units, growing by 35% compared with the previous year's figure. In general, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of 100% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working metal imports soared to $X in 2021. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2018 when imports increased by 154% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to Libya, accounting for a 64% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.3% per year) and Italy (-18.9% per year).

In value terms, New Zealand ($X), Turkey ($X) and China ($X) appeared to be the largest machine-tool for working metal suppliers to Libya, with a combined 77% share of total imports.

Among the main suppliers, New Zealand, with a CAGR of +17.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average machine-tool for working metal import price stood at $X per unit in 2021, with a decrease of -9.2% against the previous year. Over the period under review, the import price showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of 35%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+34.4%), 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 working metal in the world?

The countries with the highest volumes of machine-tool for working metal consumption in 2020 were India, China and South Korea, with a combined 52% share of global consumption.

What are the largest producers of machine tools for working metal in the world?

The countries with the highest volumes of machine-tool for working metal production in 2020 were China, India and South Korea, with a combined 61% share of global production. These countries were followed by Japan, Germany, the United States, the Netherlands, Pakistan, Russia and Turkey, which together accounted for a further 24%.

What are the leading suppliers of machine tools for working metal to Libya?

In value terms, the largest machine-tool for working metal suppliers to Libya were New Zealand, Turkey and Italy, with a combined 74% share of total imports. China, India, Switzerland, Spain, Taiwan Chinese), the Netherlands, Brazil, Jordan and Pakistan lagged somewhat behind, together comprising a further 19%.

What are the leading importers of machine tools for working metal from Libya?

In value terms, Turkey emerged as the key foreign market for machine-tool for working metal exports from Libya, comprising 97% of total exports. The second position in the ranking was occupied by Italy, with a 2.1% share of total exports. It was followed by Egypt, with a 0.8% share.

What is the average export price for machine tools for working metal in Libya?

The average machine-tool for working metal export price stood at $6,822 per unit in 2020, jumping by 115% against the previous year.

What is the average import price for machine tools for working metal in Libya?

In 2020, the average machine-tool for working metal import price amounted to $12,146 per unit, increasing by 24% against the previous year.

This report provides an in-depth analysis of the market for machine-tool for working metal 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 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413330 -
Prodcom 28413340 -
Prodcom 28413370 -
Prodcom 28413380 -

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