Libya: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Libya

The Libyan water-skis and surfboards market expanded notably to $X in 2022, surging by 8.6% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Water-Skis And Surfboards Production in Libya

In value terms, water-skis and surfboards production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Water-Skis And Surfboards Exports

Exports from Libya

After two years of decline, overseas shipments of water-skis, surfboards and sailboards decreased by 0% to X units in 2022. Over the period under review, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2019 with an increase of 34%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, water-skis and surfboards exports stood at $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 9.4%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X units) was the main destination for water-skis and surfboards exports from Libya, accounting for a approx. 50% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Ireland was relatively modest.

From 2015 to 2022, the average annual growth rate of value to Ireland was relatively modest.

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price enjoyed notable growth. The most prominent rate of growth was recorded in 2019 a decrease of -18.2% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2015 to 2022, the rate of growth in terms of prices for Thailand amounted to 0.0% per year.

Water-Skis And Surfboards Imports

Imports into Libya

Water-skis and surfboards imports into Libya reduced to X units in 2022, with a decrease of -13.6% against the previous year. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 365%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, water-skis and surfboards imports dropped markedly to $X in 2022. Over the period under review, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2019 when imports increased by 344% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Italy (X units) were the main suppliers of water-skis and surfboards imports to Libya, with a combined 71% share of total imports. Turkey, the United States, France and Spain lagged somewhat behind, together accounting for a further 9.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Libya, comprising 28% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and the United Arab Emirates (-3.8% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, shrinking by -6.5% against the previous year. Overall, the import price showed a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :