Libya: Truck Market 2025

Truck Exports

Exports from Libya

After two years of growth, overseas shipments of trucks decreased by -8.7% to X units in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 381% against the previous year. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, truck exports shrank to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 393%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X units), Tunisia (X units) and Niger (X units) were the main destinations of truck exports from Libya, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +45.7%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Tunisia ($X) and Niger ($X) constituted the largest markets for truck exported from Libya worldwide, together accounting for 95% of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +54.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average truck export price stood at $X per unit in 2022, remaining stable against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 20%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Niger ($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 Malta (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Imports

Imports into Libya

In 2022, purchases abroad of trucks decreased by -27.8% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 146% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then fell notably in the following year.

In value terms, truck imports plummeted to $X in 2022. In general, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X units), Thailand (X units) and China (X units) were the main suppliers of truck imports to Libya, together accounting for 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +17.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), South Korea ($X) and the United Arab Emirates ($X) appeared to be the largest truck suppliers to Libya, together accounting for 63% of total imports.

Among the main suppliers, South Korea, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average truck import price stood at $X per unit in 2022, rising by 1.7% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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