Report Update Nov 1, 2024

Libya - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in Libya

After five years of growth, the Libyan ball bearing parts market decreased by -55.4% to $X in 2021. Overall, consumption showed a noticeable decline. Ball bearing parts consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Ball Bearing Parts Exports

Exports from Libya

In 2016, approx. X kg of parts of ball or roller bearings were exported from Libya; approximately reflecting the previous year. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2016 and are expected to retain growth in the immediate term.

In value terms, ball bearing parts exports amounted to $X in 2016. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2016 and are likely to continue growth in years to come.

Exports by Country

Italy (X kg) was the main destination for ball bearing parts exports from Libya, with a approx. 100% share of total exports.

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

From 2016 to 2016, the average annual growth rate of value to Italy was relatively modest.

Ball Bearing Parts Imports

Imports into Libya

In 2021, overseas purchases of parts of ball or roller bearings decreased by -65% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 168% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced dramatically in the following year.

In value terms, ball bearing parts imports contracted to $X in 2021. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 155%. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Canada (X tons) were the main suppliers of ball bearing parts imports to Libya, with a combined 63% share of total imports. These countries were followed by Germany, South Korea, the Netherlands, China and the UK, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +243.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ball bearing parts to Libya, comprising 41% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+43.1% per year) and Turkey (+17.0% per year).

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, with an increase of 144% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of 272% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+84.4%), 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 parts of ball or roller bearings in the world?

China remains the largest ball bearing parts consuming country worldwide, accounting for 24% of total volume. Moreover, ball bearing parts consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8% share.

What are the largest producers of parts of ball or roller bearings in the world?

China remains the largest ball bearing parts producing country worldwide, accounting for 37% of total volume. Moreover, ball bearing parts production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of parts of ball or roller bearings to Libya?

In value terms, Germany constituted the largest supplier of ball bearing parts to Libya, comprising 47% of total imports. The second position in the ranking was occupied by the Netherlands, with a 21% share of total imports. It was followed by Turkey, with a 16% share.

What is the average export price for parts of ball or roller bearings in Libya?

In 2016, the average ball bearing parts export price amounted to $82,944 per ton, remaining stable against the previous year.

What is the average import price for parts of ball or roller bearings in Libya?

The average ball bearing parts import price stood at $28,951 per ton in 2021, surging by 190% against the previous year.

This report provides an in-depth analysis of the ball bearing parts 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)

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