Libya: Radar Apparatus Market 2024

Radar Apparatus Market Size in Libya

In 2022, after three years of decline, there was significant growth in the Libyan radar apparatus market, when its value increased by 22% to $X. Overall, consumption, however, recorded strong growth. Radar apparatus consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Radar Apparatus Exports

Exports from Libya

In 2022, radar apparatus exports from Libya dropped sharply to X units, which is down by -64.1% on the year before. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 816%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, radar apparatus exports expanded remarkably to $X in 2022. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 266% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Germany (X units) and the UK (X units) were the main destinations of radar apparatus exports from Libya, together accounting for 95% of total exports. These countries were followed by France, which accounted for a further 5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +5.5%), while the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Libya, comprising 47% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.3% per year) and Germany (-32.2% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, with an increase of 202% against the previous year. In general, the export price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 565% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.6%), while the prices for the other major destinations experienced a decline.

Radar Apparatus Imports

Imports into Libya

In 2022, radar apparatus imports into Libya shrank to X units, with a decrease of -2.2% against 2021. In general, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,338% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, radar apparatus imports soared to $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,400% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest radar apparatus supplier to Libya, with a 57% share of total imports. Moreover, radar apparatus imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. South Africa (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+48.0% per year) and South Africa (+18.7% per year).

In value terms, China ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Libya, comprising 35% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.0% per year) and Turkey (+39.5% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, with an increase of 34% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radar apparatus import price decreased by -17.6% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 45%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+54.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform