Libya: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Libya

The Libyan market for electro-thermic appliances or domestic purposes surged to $X in 2021, growing by 70% 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). In general, consumption, however, saw a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Libya

In 2021, after six years of decline, there was significant growth in shipments abroad of electro-thermic appliances or domestic purposes, when their volume increased by 33% to X units. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 254%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes exports amounted to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by 32% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ghana (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Libya, accounting for a 75% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Ghana exceeded the volume sent to the second major destination, Uganda (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Ghana stood at +22.0%.

In value terms, Uganda ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from Libya, comprising 83% of total exports. The second position in the ranking was held by Ghana ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uganda amounted to +41.0%.

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, reducing by -21.3% against the previous year. Over the period under review, the export price showed a mild descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 80%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then contracted remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Uganda ($X per unit), while the average price for exports to Ghana stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+5,980.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Libya

Electro-thermic appliances or domestic purposes imports into Libya surged to X units in 2021, growing by 71% on 2020 figures. Overall, imports posted a temperate expansion. The pace of growth was the most pronounced in 2019 when imports increased by 335%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. In general, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 171% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electro-thermic appliances or domestic purposes to Libya, with a 88% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The third position in this ranking was held by Turkey (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+35.2% per year) and Turkey (-0.0% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Libya, comprising 65% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.2% share of total imports. It was followed by the United Arab Emirates, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.2% per year) and the United Arab Emirates (-17.1% per year).

Import Prices by Country

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 72%. The import price peaked at $X per unit in 2012; however, from 2013 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 (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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