Speed Changer Price in Libya - 2022

Contents:

1. Speed Changer Price in Libya (CIF) - 2022
2. Speed Changer Price in Libya (FOB) - 2022
3. Speed Changer Imports in Libya
4. Speed Changer Exports in Libya

Speed Changer Price in Libya (CIF) - 2022

In 2022, the average speed changer import price amounted to $19,724 per ton, dropping by -10.3% against the previous year. Over the period under review, import price indicated a slight increase from 2013 to 2022: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, speed changer import price increased by +56.9% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 75% against the previous year. The import price peaked at $22,843 per ton in 2016; however, from 2017 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 Germany ($153,179 per ton), while the price for Turkey ($7,807 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Libya (FOB) - 2022

In 2022, the average speed changer export price amounted to $33,936 per ton, growing by 13% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 129% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($155,967 per ton), while the average price for exports to Georgia ($298 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.0%).

Speed Changer Imports in Libya

In 2022, purchases abroad of speed changers, industrial high-speed drives and gear decreased by -7.8% to 277 tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 75% against the previous year. As a result, imports reached the peak of 344 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, speed changer imports declined notably to $5.5M in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 54% against the previous year.

Top Suppliers of Speed Changer to Libya in 2022:

1. China (143.3 tons)
2. Turkey (64.7 tons)
3. Italy (10.1 tons)
4. South Korea (9.9 tons)
5. Austria (8.0 tons)
6. Germany (7.6 tons)
7. United Arab Emirates (6.4 tons)
8. United States (5.1 tons)
9. Belgium (4.3 tons)

Speed Changer Exports in Libya

After three years of growth, shipments abroad of speed changers, industrial high-speed drives and gear decreased by -28.6% to 3.8 tons in 2022. In general, total exports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of 5.3 tons, and then dropped rapidly in the following year.

In value terms, speed changer exports declined notably to $127K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 160% against the previous year.

Top Export Markets for Speed Changer from Libya in 2022:

1. Georgia (2.1 tons)
2. Italy (0.9 tons)
3. Germany (0.8 tons)

Source: IndexBox Market Intelligence Platform