Libya: Radio Receiver Market 2022

Radio Receiver Market Size in Libya

The Libyan radio receiver market soared to $X in 2021, surging by X% 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, continues to indicate a abrupt downturn. Radio receiver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Radio Receiver Exports

Exports from Libya

Radio receiver exports from Libya totaled X units in 2021, remaining constant against 2020 figures. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, radio receiver exports contracted modestly to $X in 2021. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X units) was the main destination for radio receiver exports from Libya, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ghana totaled -X%.

In value terms, Ghana ($X) also remains the key foreign market for radio receiver exports from Libya.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana amounted to +X%.

Export Prices by Country

In 2021, the average radio receiver export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price, however, recorded strong growth. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +X% per year.

Radio Receiver Imports

Imports into Libya

In 2021, the amount of radio receivers imported into Libya surged to X units, rising by X% on 2020. Over the period under review, imports, however, saw a mild shrinkage. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, radio receiver imports expanded significantly to $X in 2021. In general, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest radio receiver supplier to Libya, with a X% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold.

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

In value terms, China ($X), Italy ($X) and the United Arab Emirates ($X) were the largest radio receiver suppliers to Libya, together accounting for X% of total imports.

Italy, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2021, with a decrease of -X% against the previous year. Overall, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then contracted significantly in the following year.

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

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

Source: IndexBox Platform