Price for Flours and Meals; of Soya Beans in Libya - 2022

Price for Flours and Meals; of Soya Beans in Libya (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $510 per ton, flattening at the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 35%. The import price peaked at $514 per ton in 2021, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2016 to 2022, the rate of growth in terms of prices for Tunisia amounted to +32.1% per year.

Imports of Flours and Meals; of Soya Beans in Libya

After two years of growth, purchases abroad of flours and meals; of soya beanses decreased by -6.3% to 1K tons in 2022. The total import volume increased at an average annual rate of +3.5% from 2020 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 1.1K tons, and then dropped in the following year.

In value terms, imports of flours and meals; of soya beanses fell to $517K in 2022. The total import value increased at an average annual rate of +4.0% from 2020 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of $556K, and then declined in the following year.