Price for Electrical Push-Button and Rotary Switch in Libya - 2022

Price for Electrical Push-Button and Rotary Switch in Libya (CIF) - 2022

In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $0.5 per unit, shrinking by -8.8% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical push-button and rotary switch import price increased by +29.3% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $0.7 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1 per unit), while the price for the United Arab Emirates ($0.3 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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Push-Button and Rotary Switch in Libya (FOB) - 2022

The average export price for electrical push-button and rotary switches for under 1000 v stood at $2 per unit in 2022, with an increase of 40% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2021 an increase of 83%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($23 per unit), while the average price for exports to Ghana totaled $0.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+1,685.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Push-Button and Rotary Switch in Libya

Electrical push-button and rotary switch imports into Libya reached 17M units in 2022, surging by 11% compared with the previous year. Over the period under review, imports, however, showed a mild descent. Imports peaked at 18M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical push-button and rotary switch imports reached $8.4M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Electrical Push-Button and Rotary Switch in Libya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	1,579	1,825	2,258	1,717	2.8%
China	1,930	1,743	1,160	1,534	-7.4%
Tunisia	946	763	763	913	-1.2%
Turkey	845	444	752	888	1.7%
Italy	774	665	1,081	830	2.4%
South Korea	477	39.5	402	723	14.9%
Saudi Arabia	82.0	102	351	340	60.7%
Others	1,143	1,612	1,556	1,472	8.8%
Total	7,776	7,195	8,323	8,417	2.7%

Top Suppliers of Electrical Push-Button and Rotary Switch to Libya in 2022:

United Arab Emirates (6.3M units)
China (4.5M units)
Turkey (1.9M units)
Tunisia (1.3M units)
Saudi Arabia (1.2M units)
South Korea (1.0M units)
Italy (0.8M units)

Exports of Electrical Push-Button and Rotary Switch in Libya

In 2022, exports of electrical push-button and rotary switches for under 1000 v from Libya shrank rapidly to 897 units, waning by -45.7% on 2021. Over the period under review, exports continue to indicate a significant curtailment. Over the period under review, the exports reached the peak figure at 32K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical push-button and rotary switch exports reduced dramatically to $1.8K in 2022. Overall, exports recorded a dramatic slump. Over the period under review, the exports hit record highs at $26K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.