Libya: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2022

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Libya

In 2021, the Libyan market for machine-tools for working stone, ceramics, and concrete decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption faced a abrupt decline. Machine tools for working stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Libya

Machine tools for working stone exports from Libya reduced dramatically to less than X units in 2021, shrinking by -X% against 2020 figures. Overall, exports, however, showed a significant increase. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, machine tools for working stone exports fell dramatically to less than $X in 2021. Over the period under review, exports, however, showed significant growth. The exports peaked at $X in 2020, and then plummeted in the following year.

Exports by Country

Greece (X units) was the main destination for machine tools for working stone exports from Libya, with a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Greece was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Greece was relatively modest.

Export Prices by Country

In 2020, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, approximately mirroring the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2020 and is likely to see gradual growth in years to come.

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

From 2012 to 2020, the rate of growth in terms of prices for Greece amounted to X% per year.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Libya

In 2021, after four years of growth, there was significant decline in purchases abroad of machine-tools for working stone, ceramics, and concrete, when their volume decreased by -X% to X units. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, machine tools for working stone imports contracted markedly to $X in 2021. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest machine tools for working stone supplier to Libya, accounting for a X% share of total imports. Moreover, machine tools for working stone imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Italy (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of machine tools for working stone to Libya, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Italy (-X% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform