Libya: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Libya

In 2022, after two years of growth, there was significant decline in the Libyan market for fork-lift trucks and other industrial works trucks and tractors, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a noticeable expansion. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from Libya

In 2022, after four years of growth, there was significant decline in shipments abroad of fork-lift trucks and other industrial works trucks and tractors, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors reduced sharply to $X in 2022. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X units) and Tunisia (X units) were the main destinations of exports of fork-lift trucks and other industrial works trucks and tractors from Libya.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X%).

In value terms, Egypt ($X) remains the key foreign market for fork-lift trucks and other industrial works trucks and tractors exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled X%.

Export Prices by Country

In 2022, the average export price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Tunisia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (X%), while the prices for the other major destinations experienced a decline.

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Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into Libya

In 2022, supplies from abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then shrank significantly in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors rose slightly to $X in 2022. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of forklift truck and industrial works truck to Libya, with a X% share of total imports. Moreover, imports of fork-lift trucks and other industrial works trucks and tractors from Sweden exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of fork-lift trucks and other industrial works trucks and tractors to Libya, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Turkey (X% per year).

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 mixed trend patterns.

Source: IndexBox Platform

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