Price for Cereal Groats and Meal; of Maize (Corn) in Libya - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Libya (CIF) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Libya
Price for Cereal Groats and Meal; of Maize (Corn) in Libya (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $482 per ton in 2022, picking up by 17% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 56% against the previous year. The import price peaked at $490 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($482 per ton), while the price for Egypt totaled $470 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in Libya
In 2022, imports of cereal groats and meal; of maize (corn)s into Libya totaled 388 tons, flattening at 2021. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, imports attained the peak of 521 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cereal groats and meal; of maize (corn)s surged to $187K in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cereal Groats and Meal; of Maize (Corn) in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 63.5 | 154 | 132 | 178 | 41.0% |
| Egypt | 19.2 | 7.3 | 20.3 | 8.1 | -25.0% |
| Others | 50.1 | N/A | 7.6 | 0.4 | -80.0% |
| Total | 133 | 161 | 159 | 187 | 12.0% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Libya in 2022:
- Turkey (370.2 tons)
- Egypt (17.2 tons)
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