Price for Reciprocating or Rotary Internal Combustion Piston Engines in Libya - 2022
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Libya (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Libya (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Libya
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Libya
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Libya (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $300 per unit in 2022, falling by -27.5% against the previous year. Overall, the import price faced a abrupt setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 85%. Over the period under review, average import prices attained the maximum at $1,089 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1,011 per unit), while the price for Switzerland ($81 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.1%), while the prices for the other major suppliers experienced a decline.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Libya (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $1,517 per unit, with a decrease of -10.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 42%. Over the period under review, the average export prices reached the peak figure at $2,413 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($1,571 per unit), while the average price for exports to Ghana stood at $744 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+27.6%).
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Libya
In 2022, approx. 10K units of reciprocating or rotary internal combustion piston engineses were imported into Libya; increasing by 9.7% on 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of reciprocating or rotary internal combustion piston engineses contracted significantly to $3.2M in 2022. Over the period under review, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of attained the maximum at $4.9M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,641 | 566 | 1,057 | 1,288 | -7.8% |
| South Korea | 1,156 | 656 | 1,118 | 658 | -17.1% |
| United States | 144 | 134 | 135 | 135 | -2.1% |
| Thailand | 102 | 106 | 113 | 119 | 5.3% |
| Switzerland | 75.6 | 109 | 145 | 108 | 12.6% |
| Germany | 158 | 20.5 | 122 | 105 | -12.7% |
| France | 30.7 | 4.6 | 10.9 | 18.7 | -15.2% |
| United Kingdom | 192 | 47.5 | 18.3 | 4.3 | -71.8% |
| Others | 1,366 | 1,054 | 1,233 | 799 | -16.4% |
| Total | 4,865 | 2,698 | 3,952 | 3,235 | -12.7% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Libya in 2022:
- China (5.6K units)
- Switzerland (1.3K units)
- Germany (0.7K units)
- South Korea (0.7K units)
- United States (0.5K units)
- Thailand (0.3K units)
- France (0.2K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Libya
For the fourth year in a row, Libya recorded growth in shipments abroad of reciprocating or rotary internal combustion piston engineses, which increased by 13% to 61 units in 2022. The total export volume increased at an average annual rate of +14.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of reciprocating or rotary internal combustion piston engineses expanded slightly to $93K in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 86.7 | 87.8 | 88.7 | 89.6 | 1.1% |
| Ghana | 1.5 | 1.9 | 2.4 | 3.0 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 88.3 | 89.7 | 91.1 | 92.5 | 1.6% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Libya in 2022:
- Egypt (57.0 units)
- Ghana (4.0 units)
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