Price for Tractors; (Other than Tractors of Heading No 8709) in Libya - 2022

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Libya (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Libya (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Libya
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Libya

Price for Tractors; (Other than Tractors of Heading No 8709) in Libya (CIF) - 2022

The average import price for tractors; (other than tractors of heading no 8709)s stood at $11,760 per unit in 2022, which is down by -4.8% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 25%. The import price peaked at $23,677 per unit in 2012; however, from 2013 to 2022, 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 Spain ($49,474 per unit), while the price for Canada ($39 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.0%), while the prices for the other major suppliers experienced a decline.

Price for Tractors; (Other than Tractors of Heading No 8709) in Libya (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $102,150 per unit, rising by 137% against the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 313%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +78.4% per year.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Libya

In 2022, imports of tractors; (other than tractors of heading no 8709)s into Libya rose slightly to 44 units, growing by 4.8% on 2021 figures. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tractors; (other than tractors of heading no 8709)s contracted slightly to $517K in 2022. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $521K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Libya in 2022:

1. France (6.0 units)
2. Spain (6.0 units)
3. Canada (1.0 units)
4. Czech Republic (1.0 units)
5. Hungary (1.0 units)
6. India (1.0 units)
7. United Kingdom (1.0 units)
8. Austria (1.0 units)
9. Croatia (1.0 units)
10. Bosnia and Herzegovina (1.0 units)
11. Belgium (1.0 units)
12. China (1.0 units)
13. Bulgaria (1.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Libya

In 2022, approx. 4 units of tractors; (other than tractors of heading no 8709)s were exported from Libya; growing by 100% on the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tractors; (other than tractors of heading no 8709)s soared to $409K in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 726% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Libya in 2022:

1. Tunisia (4.0 units)

Source: IndexBox Market Intelligence Platform