Plugs and Socket Price in Libya - 2022

Contents:

1. Plugs and Socket Price in Libya (CIF) - 2022
2. Plugs and Socket Price in Libya (FOB) - 2022
3. Plugs and Socket Imports in Libya
4. Plugs and Socket Exports in Libya

Plugs and Socket Price in Libya (CIF) - 2022

The average plugs and socket import price stood at $0.1 per unit in 2022, increasing by 2.6% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plugs and socket import price increased by +20.9% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 41% against the previous year. The import price peaked at $0.2 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($0.3 per unit), while the price for Turkey ($0.1 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 (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Plugs and Socket Price in Libya (FOB) - 2022

The average plugs and socket export price stood at $0.5 per unit in 2022, shrinking by -7.4% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 283%. The export price peaked at $0.8 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($0.6 per unit), while the average price for exports to France ($0.5 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 Switzerland (+18.9%), while the prices for the other major destinations experienced a decline.

Plugs and Socket Imports in Libya

In 2022, the amount of electrical plugs and sockets for under 1000 v imported into Libya contracted to 77M units, reducing by -8.4% compared with 2021. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked at 97M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plugs and socket imports fell to $7.5M in 2022. Over the period under review, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked at $8.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Plugs and Socket to Libya in 2022:

1. China (32.8M units)
2. Turkey (31.1M units)
3. Tunisia (6.6M units)
4. Italy (4.3M units)
5. United Arab Emirates (0.6M units)

Plugs and Socket Exports in Libya

Plugs and socket exports from Libya skyrocketed to 4.3K units in 2022, increasing by 430% against the previous year. In general, exports enjoyed resilient growth. Over the period under review, the exports hit record highs at 6.8K units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plugs and socket exports surged to $2.4K in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Plugs and Socket from Libya in 2022:

1. Netherlands (2.7K units)
2. France (1.6K units)

Source: IndexBox Market Intelligence Platform