Liqueurs and Cordials Price in Libya - 2022
Contents:
Liqueurs and Cordials Price in Libya (CIF) - 2022
The average liqueurs and cordials import price stood at $8.5 per litre in 2022, surging by 107% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $9.8 per litre in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($22 per litre), while the price for Tunisia totaled $3.1 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-8.5%), while the prices for the other major suppliers experienced a decline.
Liqueurs and Cordials Imports in Libya
For the third year in a row, Libya recorded decline in overseas purchases of liqueurs and cordialses, which decreased by -25.3% to 71 litres in 2022. In general, imports continue to indicate a precipitous setback. The smallest decline of -20% was in 2020. Over the period under review, imports hit record highs at 205 litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, liqueurs and cordials imports skyrocketed to $600 in 2022. Overall, imports recorded a precipitous shrinkage. Over the period under review, imports attained the peak figure at $1.7K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Liqueurs and Cordials in Libya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 440 | 0% |
| Tunisia | 26.0 | 1.0 | 1.0 | 160 | 83.3% |
| Spain | N/A | 121 | 172 | N/A | 42.1% |
| Niger | 1,681 | N/A | 39.0 | N/A | -84.8% |
| Belgium | N/A | 74.0 | N/A | N/A | 0% |
| Others | N/A | 616 | 176 | N/A | -71.4% |
| Total | 1,707 | 812 | 388 | 600 | -29.4% |
Top Suppliers of Liqueurs and Cordials to Libya in 2022:
- Tunisia (51.0 litres)
- Malaysia (20.0 litres)
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