Libya: Market for Motorcycles and Cycles With an Auxiliary Motor 2025

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Libya

The Libyan market for motorcycles and cycles with an auxiliary motor plummeted to $X in 2021, shrinking by -19.9% against the previous year. Overall, consumption continues to indicate a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Libya

In value terms, production of motorcycles and cycles with an auxiliary motor declined remarkably to $X in 2021 estimated in export price. Overall, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 45%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Libya

In 2017, shipments abroad of motorcycles and cycles with an auxiliary motor decreased by -33.3% to X units for the first time since 2014, thus ending a two-year rising trend. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2016 when exports increased by 275% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, exports of motorcycles and cycles with an auxiliary motor amounted to $X in 2017. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,600% against the previous year. The exports peaked in 2017 and are likely to see gradual growth in years to come.

Exports by Country

Sudan (X units) and Malta (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from Libya.

From 2015 to 2017, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +22.5%).

In value terms, Sudan ($X) and Malta ($X) constituted the largest markets for motorcycles and cycles with an auxiliary motor exported from Libya worldwide.

Among the main countries of destination, Sudan, with a CAGR of +211.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2017, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, rising by 50% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 365% against the previous year. The export price peaked in 2017 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2017, amid the top suppliers, the country with the highest price was Malta ($X per unit), while the average price for exports to Sudan totaled $X per unit.

From 2015 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+158.0%).

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Libya

After three years of growth, overseas purchases of motorcycles and cycles with an auxiliary motor decreased by -53.4% to X units in 2021. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 1,605% against the previous year. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor reduced markedly to $X in 2021. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 1,677%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Switzerland (X units) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Libya, accounting for a 33% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from Switzerland exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+19.6% per year) and Japan (-16.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Libya, comprising 35% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Switzerland, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.5% per year) and Switzerland (-12.8% per year).

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, with an increase of 36% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 65% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Turkey ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :