Libya: Radio Receiver Market 2024

Radio Receiver Market Size in Libya

The Libyan radio receiver market rose to $X in 2022, increasing by 3.9% 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). In general, consumption, however, saw a abrupt decrease. Radio receiver consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Radio Receiver Exports

Exports from Libya

In 2022, shipments abroad of radio receivers decreased by 0% to X units, falling for the fourth year in a row after three years of growth. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 185% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, radio receiver exports expanded rapidly to $X in 2022. Over the period under review, exports showed a dramatic curtailment. The growth pace was the most rapid in 2016 when exports increased by 510% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X units), Ethiopia (X units) and Zimbabwe (X units) were the main destinations of radio receiver exports from Libya, together accounting for 80% of total exports. Moreover, radio receiver exports in Ghana exceeded the figures recorded by the second-largest exporter, Ethiopia, twofold.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the key foreign market for radio receivers exports from Libya, comprising 61% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 17% share of total exports. It was followed by Niger, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana stood at +76.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (0.0% per year) and Niger (-33.4% per year).

Export Prices by Country

The average radio receiver export price stood at $X per unit in 2022, surging by 14% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 234% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Ethiopia ($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 Ghana (+64.8%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Receiver Imports

Imports into Libya

In 2022, the amount of radio receivers imported into Libya rose to X units, surging by 5% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 97% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, radio receiver imports expanded to $X in 2022. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 61% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of radio receiver to Libya, with a 89% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-17.5% per year) and Italy (+13.8% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers to Libya, comprising 60% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-18.5% per year) and Italy (+6.2% per year).

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, dropping by -2.5% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 49% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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