Libya: Market analysis of electric pulley block and hoist 2022

 In 2021, after four years of decline, there was significant growth in the Libyan market for pulley tackle and hoists powered by an electric motor, when its value increased by X% to $X. Overall, consumption saw notable growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, shipments abroad of pulley tackle and hoists powered by an electric motor decreased by X% to less than X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a precipitous shrinkage. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor amounted to less than $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Malta (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from Libya, with a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Malta was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Malta was relatively modest.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, supplies from abroad of pulley tackle and hoists powered by an electric motor was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In 2021, South Korea (X units) constituted the largest pulley tackle and hoists powered by an electric motor supplier to Libya, accounting for a X% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from South Korea exceeded the figures recorded by the second-largest supplier, Malta (X units), sixfold. The third position in this ranking was taken by China (X units), with a X% share.

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

In value terms, South Korea ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Libya, comprising X% of total imports. The second position in the ranking was held by Malta ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Statistics of various crane suppliers in Libya

In value terms, South Korea constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Libya, comprising 86% of total imports. The second position in the ranking was taken by Malta, with a 5.8% share of total imports. It was followed by Germany, with a 2.6% share.

In 2018, the average export price for pulley tackle and hoists powered by an electric motor amounted to $421 per unit, jumping by 1,339% against the previous year.

In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $70 per unit, with an increase of 5.4% against the previous year.

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Libya: Market analysis of electric pulley block and hoist 2022