Motorcycle Tire Price in Libya - 2022
Contents:
Motorcycle Tire Price in Libya (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $19 per unit, increasing by 2% against the previous year. Over the period under review, the import price saw resilient growth. The growth pace was the most rapid in 2021 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 ($42 per unit), while the price for China ($11 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 (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Imports in Libya
In 2022, imports of new pneumatic tyres for motorcycles into Libya dropped notably to 10K units, with a decrease of -26.7% against 2021. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure at 15K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, motorcycle tire imports contracted markedly to $193K in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. As a result, imports reached the peak of $258K, and then fell notably in the following year.
| Import of Motorcycle Tire in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 31.1 | 41.3 | 139 | 104 | 49.5% |
| China | 87.4 | 71.4 | 111 | 83.4 | -1.5% |
| Turkey | 14.2 | 14.0 | 3.5 | 2.5 | -44.0% |
| Others | 3.6 | 1.2 | 4.1 | 2.9 | -7.0% |
| Total | 136 | 128 | 258 | 193 | 12.4% |
Top Suppliers of Motorcycle Tire to Libya in 2022:
- China (7.4K units)
- United Arab Emirates (2.5K units)
- Turkey (0.1K units)
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