The Libyan Transport Cranes and Overhead Cranes Market surged sharply to $X in 2021, an increase of X% over the previous year. During the period under review, consumption showed a relatively flat trend pattern. As a result, spending reached the highest level of X dollars. From 2014 to 2021, the growth of the market failed to regain momentum.

In value terms, the production of transport cranes and overhead cranes in 2021 is estimated at X USD at export prices. Overall, however, production recorded a relatively flat trend pattern. The most significant growth rate was recorded in 2017, with a year-on-year increase of X%. During the period under review, production peaked at $X in 2019; after that, it flattened out until 2021.

Libyan bridge crane and gantry crane export scale
In 2021, fewer than X transport cranes, gantry cranes and overhead cranes were exported from Libya; the same as the previous year. Overall, exports showed solid growth. During the period under review, exports peaked at X units in 2018; however, from 2019 to 2021, exports have remained at lower levels.

In value terms, the total exports of transport and overhead cranes in 2021 are less than X dollars. Exports showed resilient growth during the period under review. During the period under review, exports peaked at $X in 2018; however, from 2019 to 2021, exports have remained at lower levels.

Belgium (X units) is the main destination for transport cranes and overhead cranes exported from Libya. X% of total exports. From 2012 to 2019, the average annual growth rate of cargo traffic to Belgium was +X%. In terms of value, Belgium ($X) remains the main foreign market for Libyan haulage and overhead crane exports. From 2012 to 2019, the average annual growth in value to Belgium totaled +X%.

Libyan bridge crane and gantry crane import scale
After two years of decline, the supply of transport cranes, gantry cranes and overhead cranes imported from abroad in 2021 increased by X% to X units. Overall, imports recorded resilient growth. 2013 saw the most rapid growth, with an X% increase over the previous year. As a result, imports peaked at X units. Import growth will remain low between 2014 and 2021. Imports of transport cranes and overhead cranes soar to $X by value in 2021. Overall, imports fell sharply. The most significant growth rate occurred in 2013, with an X% year-on-year increase. As a result, imports peaked at X dollars. From 2014 to 2021, the growth rate of imports will remain at a low level.

In 2021, Sweden (X units) is the largest supplier of transport and overhead cranes in Libya, accounting for X% of total imports. In addition, haulers and overhead cranes imported from Sweden were four times higher than the figures recorded by the second largest supplier, Turkey (X units). Germany (X units) ranks third in terms of total imports with an X% share. Average annual growth in Sweden from 2012 to 2021 was relatively modest. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (+X% per annum) and Germany (-X% per annum). Turkey ($X) is the largest supplier of transport and overhead cranes to Libya by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by the UK with an X% share.

From 2012 to 2021, Turkey has an average annual value growth rate of +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (-X% per annum) and the United Kingdom (-X% per annum).

Statistics of various crane suppliers in Libya
Turkey is Libya’s largest supplier of transport and overhead cranes by value, accounting for 50% of total imports. In second place is Germany, which accounts for 15% of total imports. It is followed by the UK with a share of 6.9%.

In terms of value, Belgium remains the main foreign market for Libyan haulage and overhead crane exports.

The average export price of transport and overhead cranes in 2019 was US$3,625 per unit, down -2.7% from the previous year.

The average import price for transport and overhead cranes in 2021 is $694 per unit, down -67% from the previous year.

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Libya Overhead and Gantry Cranes Market Study 2022