Libya: Market for Machines For Preparing, Weaving And Knitting Textiles 2025

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Libya

The Libyan market for machines for preparing, weaving and knitting textiles expanded markedly to $X in 2021, increasing by 9% 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). Overall, consumption showed a prominent expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Libya

In 2016, the amount of machines for preparing, weaving and knitting textiles exported from Libya declined dramatically to X units, with a decrease of -76.9% compared with the previous year's figure. In general, exports saw a dramatic downturn. Over the period under review, the exports attained the peak figure at X units in 2015, and then contracted sharply in the following year.

In value terms, textile weaving and knitting machinery exports contracted markedly to $X in 2016. Over the period under review, exports showed a precipitous setback. The exports peaked at $X in 2015, and then shrank remarkably in the following year.

Exports by Country

Tunisia (X units) was the main destination for textile weaving and knitting machinery exports from Libya, accounting for a approx. 100% share of total exports.

From 2013 to 2016, the average annual growth rate of volume to Tunisia was relatively modest.

In value terms, Tunisia ($X) emerged as the key foreign market for machines for preparing, weaving and knitting textiles exports from Libya.

From 2013 to 2016, the average annual rate of growth in terms of value to Tunisia was relatively modest.

Export Prices by Country

In 2016, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, shrinking by -83.2% against the previous year. Overall, the export price faced a significant decrease. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015, and then shrank markedly in the following year.

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

From 2015 to 2016, the rate of growth in terms of prices for Egypt amounted to 0.0% per year.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Libya

In 2021, the amount of machines for preparing, weaving and knitting textiles imported into Libya surged to X units, picking up by 17% on 2020 figures. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2019 when imports increased by 343% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports fell to $X in 2021. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 677%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Libya, accounting for a 49% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Morocco (X units), threefold. The UK (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+30.5% per year) and the UK (-9.7% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Libya were Morocco ($X), Austria ($X) and Germany ($X), together comprising 64% of total imports.

Among the main suppliers, Morocco, with a CAGR of +34.2%, recorded the highest rates of growth with regard to the value of imports, 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 import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, which is down by -24.6% against the previous year. Overall, the import price, however, continues to indicate a modest increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 154%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, 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 Austria ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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