Libya: Binocular Market 2022

Binocular Market Size in Libya

The Libyan binocular market shrank to $X in 2021, declining by -7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Binocular Imports

Imports into Libya

Binocular imports into Libya fell to X units in 2021, waning by -7.9% against the previous year. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 1,078%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, binocular imports surged to $X in 2021. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 531%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of binocular to Libya, with a 95% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+13.1% per year) and Turkey (-51.7% per year).

In value terms, China ($X) constituted the largest supplier of binocular to Libya, comprising 46% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+30.9% per year) and Turkey (-50.9% per year).

Import Prices by Country

In 2021, the average binocular import price amounted to $X per unit, picking up by 43% against the previous year. In general, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 97%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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