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

Contents:

  1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Libya (CIF) - 2022
  2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Libya (FOB) - 2022
  3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Libya
  4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Libya

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

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,068 per unit in 2022, surging by 15% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 58% against the previous year. The import price peaked at $2,344 per unit in 2018; however, from 2019 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 United Arab Emirates ($11,631 per unit), while the price for Sweden ($67 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 (+46.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $6,754 per unit, jumping by 306% against the previous year. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 an increase of 2,341%. As a result, the export price attained the peak level of $9,502 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($23,042 per unit), while the average price for exports to Tunisia ($98 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 Germany (+137.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into Libya fell rapidly to 2.5K units, with a decrease of -29.3% compared with the previous year. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 3.5K units, and then reduced sharply in the following year.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) contracted remarkably to $5.1M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.1% 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 +30.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, imports attained the peak of $6.3M, and then fell significantly in the following year.

Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Libya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8621,2482,5571,89330.0%
South Korea1,6031,3071,5261,389-4.7%
United Arab Emirates455190444302-12.8%
Turkey307158391236-8.4%
Netherlands21373.4171191-3.6%
Italy25182.953.6119-22.0%
Saudi Arabia11193.986.891.1-6.4%
France28.87.272.565.531.5%
India25.433.047.042.418.6%
Spain14117.482.526.5-42.7%
Switzerland0.55.66.720.8246.5%
Sweden6.64.03.72.9-24.0%
Others41769987274921.6%
Total4,4213,9186,3145,1275.1%

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

  1. China (1212.0 units)
  2. South Korea (172.0 units)
  3. Turkey (171.0 units)
  4. Switzerland (169.0 units)
  5. Saudi Arabia (131.0 units)
  6. Netherlands (128.0 units)
  7. France (70.0 units)
  8. India (62.0 units)
  9. Sweden (43.0 units)
  10. Spain (40.0 units)
  11. Italy (34.0 units)
  12. United Arab Emirates (26.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Libya

In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from Libya dropped dramatically to 6 units, reducing by -81.8% against the year before. In general, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 175%. As a result, the exports reached the peak of 33 units, and then shrank markedly in the following year.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank rapidly to $41K in 2022. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 140%. The exports peaked at $90K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Libya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany39.710.311.523.0-16.6%
France13.35.112.512.3-2.6%
Nigeria25.81.53.73.7-47.7%
United Kingdom2.10.71.31.0-21.9%
Egypt9.15.225.50.3-67.9%
Tunisia0.1N/A0.10.10.0%
OthersN/AN/A0.3N/A0%
Total90.122.954.940.5-23.4%

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Libya in 2022:

  1. Egypt (1.0 units)
  2. France (1.0 units)
  3. United Kingdom (1.0 units)
  4. Tunisia (1.0 units)
  5. Germany (1.0 units)
  6. Nigeria (1.0 units)

Source: IndexBox Market Intelligence Platform

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