Weaving Machines (Looms) Price in Libya - 2022
Contents:
Weaving Machines (Looms) Price in Libya (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $8,935 per unit, which is down by -14.8% against the previous year. In general, the import price showed a slight slump. The growth pace was the most rapid in 2013 an increase of 45%. The import price peaked at $20,422 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 China ($10,876 per unit), while the price for Turkey ($85 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+80.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Imports in Libya
In 2022, overseas purchases of weaving machines (looms)s decreased by -31.2% to 22 units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 529%. As a result, imports attained the peak of 107 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, weaving machines (looms) imports contracted sharply to $197K in 2022. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 294%. As a result, imports attained the peak of $921K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Weaving Machines (Looms) in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 179 | 724 | 256 | 159 | -3.9% |
| Austria | 42.1 | 142 | 42.0 | 18.6 | -23.8% |
| China | 10.3 | 43.5 | 16.1 | 10.9 | 1.9% |
| Morocco | 1.7 | 10.4 | 5.5 | 7.6 | 64.7% |
| Tunisia | 0.4 | 1.5 | 0.5 | 0.2 | -20.6% |
| Turkey | 0.1 | N/A | 15.5 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 234 | 921 | 335 | 197 | -5.6% |
Top Suppliers of Weaving Machines (Looms) to Libya in 2022:
- Belgium (16.0 units)
- Austria (2.0 units)
- Turkey (1.0 units)
- Tunisia (1.0 units)
- Morocco (1.0 units)
- China (1.0 units)
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