Libya: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Libya

In 2021, the Libyan transmission apparatus market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Transmission Apparatus Exports

Exports from Libya

In 2021, overseas shipments of transmission apparatus incorporating reception apparatus increased by 627% to X kg for the first time since 2017, thus ending a three-year declining trend. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, transmission apparatus exports skyrocketed to $X in 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 496% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for transmission apparatus exports from Libya, with a 44% share of total exports. Moreover, transmission apparatus exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold. Malta (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+350.0% per year) and Malta (+29.7% per year).

In value terms, the UK ($X) emerged as the key foreign market for transmission apparatus incorporating reception apparatus exports from Libya, comprising 53% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Malta, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+347.6% per year) and Malta (+17.0% per year).

Export Prices by Country

In 2021, the average transmission apparatus export price amounted to $X per ton, declining by -37.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 109%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Malta ($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 Malta (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Libya

In 2021, purchases abroad of transmission apparatus incorporating reception apparatus increased by 71% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 230% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, transmission apparatus imports surged to $X in 2021. Over the period under review, imports showed pronounced growth. The most prominent rate of growth was recorded in 2018 when imports increased by 591%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of transmission apparatus to Libya, accounting for a 95% share of total imports. Moreover, transmission apparatus imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -9.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Libya, comprising 98% of total imports. The second position in the ranking was taken by China ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +3.2%.

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, with an increase of 78% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 109%. 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, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.9%).

Source: IndexBox Platform

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