Libya: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Libya

The Libyan machine-tool for working wood market skyrocketed to $X in 2021, jumping by 165% 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, however, showed a abrupt setback. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Libya

In 2021, overseas shipments of machine-tools for working wood increased by 0.9% to X tons, rising for the third year in a row after two years of decline. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 167%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working wood exports reached $X in 2021. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 75% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons) was the main destination for machine-tool for working wood exports from Libya, accounting for a 95% share of total exports. Moreover, machine-tool for working wood exports to Tunisia exceeded the volume sent to the second major destination, Egypt (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Tunisia stood at +18.2%.

In value terms, Tunisia ($X) remains the key foreign market for machine-tools for working wood exports from Libya, comprising 81% of total exports. The second position in the ranking was held by Egypt ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Tunisia stood at +4.4%.

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, faced a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Tunisia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Wood

Imports into Libya

In 2021, approx. X tons of machine-tools for working wood were imported into Libya; increasing by 187% on the previous year's figure. In general, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 364% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 249%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of machine-tool for working wood to Libya, accounting for a 80% share of total imports. Moreover, machine-tool for working wood imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. Cyprus (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.1% per year) and Cyprus (+54.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of machine-tools for working wood to Libya, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 6% share of total imports. It was followed by Morocco, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.7% per year) and Morocco (+84.1% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, falling by -12.7% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+61.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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