Price for Machinery; Parts of the Machinery of Heading No. 8425 in Libya - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Libya (CIF) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Libya
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Libya (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $9,698 per ton, increasing by 10% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. As a result, import price attained the peak level of $20,510 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($113,434 per ton), while the price for Tunisia ($2,804 per ton) 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 (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Libya
In 2022, approx. 44 tons of machinery; parts of the machinery of heading no. 8425 were imported into Libya; waning by -10.3% compared with 2021 figures. In general, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% 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 +52.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. As a result, imports reached the peak of 49 tons, and then contracted in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 dropped to $425K in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of $430K, and then dropped modestly in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 33.9 | 88.7 | 104 | 76.6 | 31.2% |
| Pakistan | N/A | N/A | N/A | 70.9 | 0% |
| China | 81.0 | 23.3 | 74.3 | 67.1 | -6.1% |
| United States | 8.5 | 55.3 | 29.8 | 56.1 | 87.6% |
| Canada | 0.5 | 1.3 | 3.8 | 30.9 | 295.4% |
| Singapore | 17.2 | 17.4 | 16.2 | 14.8 | -4.9% |
| Spain | 27.9 | 34.5 | 81.2 | 13.0 | -22.5% |
| Turkey | 1.6 | 4.8 | 18.4 | 2.3 | 12.9% |
| Others | 153 | 97.1 | 102 | 93.0 | -15.3% |
| Total | 324 | 322 | 430 | 425 | 9.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Libya in 2022:
- China (19.9 tons)
- Pakistan (10.9 tons)
- Italy (3.9 tons)
- United States (3.1 tons)
- Canada (1.9 tons)
- Singapore (0.9 tons)
- Spain (0.9 tons)
- Turkey (0.3 tons)
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