Libya: Electrical Transformer Market 2022

Electrical Transformer Market Size in Libya

The Libyan electrical transformer market skyrocketed to $X in 2021, picking up by 546% 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, however, recorded a dramatic curtailment. Electrical transformer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Libya

In 2021, electrical transformer exports from Libya surged to X units, growing by 976% compared with the year before. In general, exports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 when exports increased by 6,494%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, electrical transformer exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a sharp curtailment. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for electrical transformer exports from Libya, with a approx. 95% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +46.0%.

In value terms, Italy ($X) also remains the key foreign market for electrical transformer exports from Libya.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at -36.4%.

Export Prices by Country

In 2021, the average electrical transformer export price amounted to $X per unit, increasing by 789% against the previous year. Overall, the export price, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2016 an increase of 2,205%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +2,891.6% per year.

Electrical Transformer Imports

Imports into Libya

In 2021, the amount of electrical transformers imported into Libya surged to X units, growing by 354% on 2020 figures. Overall, imports, however, continue to indicate a dramatic descent. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electrical transformer imports skyrocketed to $X in 2021. In general, imports, however, saw a deep setback. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and France (X units) were the main suppliers of electrical transformer imports to Libya, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +65.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of electrical transformer to Libya, comprising 44% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 7.3% share of total imports. It was followed by China, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (-19.5% per year) and China (-2.5% per year).

Import Prices by Country

In 2021, the average electrical transformer import price amounted to $X per unit, jumping by 160% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 730%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+63.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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