Libya: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Libya

The Libyan non-combined refrigerator-freezer market contracted sharply to $X in 2022, with a decrease of 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 showed a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Libya

In 2022, after two years of decline, there was significant growth in overseas shipments of household refrigerators and freezers (not combined), when their volume increased by X% to X units. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-combined refrigerator-freezer exports surged to $X in 2022. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Sudan (X units) was the main destination for non-combined refrigerator-freezer exports from Libya, with a X% share of total exports. Moreover, non-combined refrigerator-freezer exports to Sudan exceeded the volume sent to the second major destination, Niger (X units), sevenfold. Egypt (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Egypt (X% per year).

In value terms, Sudan ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Libya, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, recorded a slight contraction. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

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

Non-Combined Refrigerator-Freezer Imports

Imports into Libya

In 2022, approx. X units of household refrigerators and freezers (not combined) were imported into Libya; declining by X% on 2021. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-combined refrigerator-freezer imports contracted sharply to $X in 2022. In general, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Romania (X units) and Turkey (X units) were the main suppliers of non-combined refrigerator-freezer imports to Libya, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), Romania ($X) and China ($X) were the largest non-combined refrigerator-freezer suppliers to Libya, together accounting for X% of total imports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

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