Onion Price in Libya - 2022
Contents:
- Onion Price in Libya (CIF) - 2022
- Onion Price in Libya (FOB) - 2022
- Onion Imports in Libya
- Onion Exports in Libya
Onion Price in Libya (CIF) - 2022
The average onion import price stood at $318 per ton in 2022, picking up by 70% against the previous year. In general, the import price, however, recorded a noticeable contraction. Over the period under review, average import prices hit record highs at $474 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($621 per ton), while the price for Turkey ($99 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the prices for the other major suppliers experienced a decline.
Onion Price in Libya (FOB) - 2022
In 2022, the average onion export price amounted to $102 per ton, reducing by -11.9% against the previous year. In general, the export price recorded a slight decrease. The growth pace was the most rapid in 2013 an increase of 157% against the previous year. As a result, the export price reached the peak level of $295 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($112 per ton), while the average price for exports to Italy amounted to $76 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (-1.2%).
Onion Imports in Libya
In 2022, approx. 8.6K tons of onions (dry) were imported into Libya; dropping by -57% compared with 2021 figures. Overall, imports faced a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 225% against the previous year.
In value terms, onion imports shrank rapidly to $2.7M in 2022. In general, imports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year.
| Import of Onion in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 165 | 144 | 282 | 1,812 | 122.3% |
| Turkey | 5,457 | 666 | 2,549 | 421 | -57.4% |
| Tunisia | 286 | 739 | 649 | 189 | -12.9% |
| Netherlands | 103 | 102 | 63.5 | 103 | 0.0% |
| Spain | 368 | 137 | 78.4 | 80.8 | -39.7% |
| Others | 515 | 255 | 120 | 129 | -37.0% |
| Total | 6,893 | 2,043 | 3,741 | 2,735 | -26.5% |
Top Suppliers of Onion to Libya in 2022:
- Turkey (4.2K tons)
- Egypt (3.2K tons)
- Tunisia (0.6K tons)
- Spain (0.3K tons)
- Netherlands (0.2K tons)
Onion Exports in Libya
For the fourth consecutive year, Libya recorded growth in shipments abroad of onions (dry), which increased by 50% to 180 tons in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion exports surged to $18K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Onion in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 7.2 | 8.6 | 10.3 | 14.5 | 26.3% |
| Italy | 3.2 | 3.4 | 3.5 | 3.8 | 5.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.4 | 12.0 | 13.8 | 18.3 | 20.7% |
Top Export Markets for Onion from Libya in 2022:
- Tunisia (129.7 tons)
- Italy (50.3 tons)
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