Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Libya - 2022

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Libya (CIF) - 2022
2. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Libya

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Libya (CIF) - 2022

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $4.1 thousand per unit in 2022, which is down by -10.8% against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $18 thousand per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the UK ($24 thousand per unit), while the price for Italy ($474 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Libya

In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion imported into Libya surged to 29 units, with an increase of 45% against the previous year. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 +45.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion soared to $120K in 2022. The total import value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Libya in 2022:

1. Italy (20.0 units)
2. Turkey (1.0 units)
3. United States (1.0 units)
4. Netherlands (1.0 units)
5. Tunisia (1.0 units)
6. United Arab Emirates (1.0 units)
7. United Kingdom (1.0 units)
8. China (1.0 units)
9. Belgium (1.0 units)
10. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform