Cereals; Millet Price in Libya - 2022
Contents:
Cereals; Millet Price in Libya (CIF) - 2022
The average cereals; millet import price stood at $104 per ton in 2022, declining by -9.2% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price decreased by -9%. Over the period under review, average import prices attained the maximum at $276 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to -9.3% per year.
Cereals; Millet Imports in Libya
In 2022, the amount of cereals; millets imported into Libya expanded to 360 tons, surging by 2.3% on the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 2.3% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, cereals; millet imports contracted to $38K in 2022. Overall, imports, however, recorded a abrupt contraction. The smallest decline of -7.2% was in 2020.
| Import of Cereals; Millet in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 47.0 | 43.6 | 40.4 | 37.5 | -7.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 47.0 | 43.6 | 40.4 | 37.5 | -7.3% |
Top Suppliers of Cereals; Millet to Libya in 2022:
- Ukraine (359.6 tons)
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