Libya: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Libya

The Libyan radio navigation apparatus market soared to $X in 2021, growing by 83% 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). Over the period under review, consumption, however, recorded a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Radio Navigation Apparatus Exports

Exports from Libya

In 2021, the amount of radio navigational aid apparatus exported from Libya surged to X kg, picking up by 70% compared with the year before. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 129% against the previous year. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, radio navigation apparatus exports totaled $X in 2021. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 2,658%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for radio navigation apparatus exports from Libya, with a 59% share of total exports. Moreover, radio navigation apparatus exports to Germany exceeded the volume sent to the second major destination, Malta (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +8.0%.

In value terms, Italy ($X) remains the key foreign market for radio navigational aid apparatus exports from Libya, comprising 68% of total exports. The second position in the ranking was taken by Germany ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.6% per year) and Malta (0.0% per year).

Export Prices by Country

The average radio navigation apparatus export price stood at $X per ton in 2021, dropping by -41.2% against the previous year. Overall, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by 76% against the previous year. The export price peaked at $X per ton in 2020, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+43.6%).

Radio Navigation Apparatus Imports

Imports into Libya

Radio navigation apparatus imports into Libya skyrocketed to X tons in 2021, jumping by 16% against the previous year. Overall, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 403%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, radio navigation apparatus imports surged to $X in 2021. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 358% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, South Africa (X tons) constituted the largest radio navigation apparatus supplier to Libya, accounting for a 74% share of total imports. Moreover, radio navigation apparatus imports from South Africa exceeded the figures recorded by the second-largest supplier, Canada (X kg), fivefold. The third position in this ranking was taken by China (X kg), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+19.0% per year) and China (+19.7% per year).

In value terms, China ($X) constituted the largest supplier of radio navigational aid apparatus to Libya, comprising 31% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6% share of total imports. It was followed by the United States, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.5% per year) and the United States (+11.7% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, picking up by 207% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+110.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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