Libya: Telephone Market 2024

Telephone Market Size in Libya

The Libyan telephone market surged to $X in 2022, growing by 20% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. Telephone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Telephone Production in Libya

In value terms, telephone production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 146%. Telephone production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Telephone Exports

Exports from Libya

After two years of decline, overseas shipments of telephones and videophones increased by 41% to X units in 2022. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 186% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone exports surged to $X in 2022. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 83%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X units), the Netherlands (X units) and France (X units) were the main destinations of telephone exports from Libya.

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 +28.2%), while the other leaders experienced mixed trend patterns.

In value terms, Egypt ($X) emerged as the key foreign market for telephones and videophones exports from Libya, comprising 58% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+2.9% per year) and France (+19.5% per year).

Export Prices by Country

In 2022, the average telephone export price amounted to $X per unit, falling by -9.3% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Netherlands ($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 Netherlands (+8.3%), while the prices for the other major destinations experienced a decline.

Telephone Imports

Imports into Libya

In 2022, after two years of decline, there was significant growth in supplies from abroad of telephones and videophones, when their volume increased by 5.3% to X units. In general, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by 895%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, telephone imports expanded significantly to $X in 2022. Overall, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 435% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), the Netherlands (X units) and the UK (X units) were the main suppliers of telephone imports to Libya, with a combined 39% share of total imports. Belgium, Hong Kong SAR, Turkey, Malta, France, China, Canada, Denmark and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest telephone suppliers to Libya were Canada ($X), the UK ($X) and the Netherlands ($X), together comprising 50% of total imports.

Canada, with a CAGR of +34.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average telephone import price amounted to $X per unit, with an increase of 6.2% against the previous year. Overall, the import price posted a notable increase. The growth pace was the most rapid in 2019 an increase of 154%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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