Price for Non-Furniture Refrigerating or Freezing Equipment in Libya - 2022

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Libya (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Libya (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Libya
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Libya

Price for Non-Furniture Refrigerating or Freezing Equipment in Libya (CIF) - 2022

In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $155 per unit, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 30%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Italy ($269 per unit), while the price for Tunisia ($117 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 (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Libya (FOB) - 2022

In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $26 per unit, declining by -19.9% against the previous year. In general, the export price faced a dramatic curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 49%. The export price peaked at $432 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($173 per unit), while the average price for exports to Ghana stood at $7.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+6.2%).

Imports of Non-Furniture Refrigerating or Freezing Equipment in Libya

Non-furniture refrigerating or freezing equipment imports into Libya stood at 61K units in 2022, approximately equating the previous year's figure. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 90%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment imports soared to $9.5M in 2022. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Libya in 2022:

1. Turkey (17.6K units)
2. Tunisia (16.2K units)
3. China (5.7K units)
4. France (5.5K units)
5. United Arab Emirates (4.3K units)
6. Italy (3.4K units)
7. Japan (3.3K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Libya

After three years of growth, shipments abroad of non-furniture refrigerating or freezing equipment decreased by 0% to 9 units in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 33%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-furniture refrigerating or freezing equipment exports declined sharply to $234 in 2022. Overall, exports showed a sharp slump. The exports peaked at $596 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Libya in 2022:

1. Ghana (8.0 units)
2. Egypt (1.0 units)

Source: IndexBox Market Intelligence Platform