Libya: Electronic Chip Market 2024

Electronic Chip Market Size in Libya

The Libyan electronic chip market amounted to $X in 2023, surging by X% against the previous year. Overall, consumption saw a temperate expansion. Electronic chip consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Electronic Chip Production in Libya

In value terms, electronic chip production expanded rapidly to $X in 2023 estimated in export price. Overall, production recorded tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Electronic chip production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Electronic Chip Exports

Exports from Libya

In 2023, overseas shipments of electronic chips were finally on the rise to reach X units for the first time since 2017, thus ending a five-year declining trend. Over the period under review, exports showed a moderate increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, electronic chip exports dropped to $X in 2023. Overall, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for electronic chip exports from Libya, accounting for a X% share of total exports. Moreover, electronic chip exports to France exceeded the volume sent to the second major destination, Brazil (X units), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and the Netherlands (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for electronic chips exports from Libya, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Brazil (X% per year).

Export Prices by Country

The average electronic chip export price stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Electronic Chip Imports

Imports into Libya

In 2023, the amount of electronic chips imported into Libya surged to X units, jumping by X% compared with 2022. Over the period under review, imports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, electronic chip imports fell modestly to $X in 2023. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), Germany (X units) and Hong Kong SAR (X units) were the main suppliers of electronic chip imports to Libya, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electronic chip suppliers to Libya were the United States ($X), the United Arab Emirates ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average electronic chip import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2022, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform