Price for Food Preparations Not Elsewhere Specified or Included in Libya - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Libya (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Libya (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Libya
- Exports of Food Preparations Not Elsewhere Specified or Included in Libya
Price for Food Preparations Not Elsewhere Specified or Included in Libya (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $3,692 per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, posted a modest increase. The most prominent rate of growth was recorded in 2015 an increase of 98%. As a result, import price reached the peak level of $7,652 per ton. From 2016 to 2022, the average 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 Egypt ($5,990 per ton), while the price for Bulgaria ($1,669 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Libya (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $2,626 per ton, shrinking by -10.5% against the previous year. Over the period under review, the export price showed a pronounced setback. The growth pace was the most rapid in 2021 an increase of 39%. The export price peaked at $3,408 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($7,943 per ton), while the average price for exports to Malta ($1,051 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+53.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Libya
In 2022, the amount of food preparations not elsewhere specified or included imported into Libya amounted to 42K tons, surging by 12% compared with the previous year's figure. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 106% against the previous year. As a result, imports attained the peak of 46K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of food preparations not elsewhere specified or included rose significantly to $155M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 103%. As a result, imports attained the peak of $171M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Food Preparations Not Elsewhere Specified or Included in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.5 | 13.6 | 15.5 | 16.1 | 23.7% |
| Egypt | 1.9 | 2.6 | 4.9 | 12.9 | 89.4% |
| Poland | 0.8 | 1.6 | 4.9 | 10.4 | 135.1% |
| Tunisia | 4.5 | N/A | 6.4 | 7.1 | 16.4% |
| Denmark | 0.1 | 0.5 | 3.1 | 5.8 | 287.1% |
| Turkey | 3.6 | 4.8 | 6.7 | 5.5 | 15.2% |
| Spain | 4.2 | 9.0 | 6.4 | 5.2 | 7.4% |
| Italy | 3.9 | 3.9 | 5.9 | 4.7 | 6.4% |
| Netherlands | 5.3 | 9.6 | 5.5 | 2.5 | -22.2% |
| Hungary | 0.1 | 0.3 | 0.8 | 1.8 | 162.1% |
| United Arab Emirates | 0.2 | 61.2 | 5.0 | 1.6 | 100.0% |
| Bulgaria | 0.4 | 0.8 | 0.7 | 1.2 | 44.2% |
| Others | 50.7 | 63.1 | 73.8 | 80.6 | 16.7% |
| Total | 84.4 | 171 | 140 | 155 | 22.5% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Libya in 2022:
- Germany (5.4K tons)
- Tunisia (3.1K tons)
- Poland (2.9K tons)
- Egypt (2.1K tons)
- Spain (2.1K tons)
- Turkey (1.9K tons)
- Italy (1.7K tons)
- Denmark (1.0K tons)
- Bulgaria (0.7K tons)
- Netherlands (0.5K tons)
- Hungary (0.5K tons)
- United Arab Emirates (0.3K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Libya
In 2022, overseas shipments of food preparations not elsewhere specified or included decreased by -20.3% to 19 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 68%. As a result, the exports attained the peak of 23 tons, and then fell remarkably in the following year.
In value terms, exports of food preparations not elsewhere specified or included dropped markedly to $49K in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 134% against the previous year. As a result, the exports reached the peak of $69K, and then dropped sharply in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 38.8 | 35.6 | -8.2% |
| Jordan | N/A | N/A | N/A | 8.8 | 0% |
| Egypt | 19.2 | 29.4 | 0.4 | 1.3 | -59.2% |
| Malaysia | N/A | N/A | 14.6 | N/A | 0% |
| Others | N/A | N/A | 15.1 | 3.5 | -76.8% |
| Total | 19.2 | 29.4 | 68.9 | 49.2 | 36.8% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Libya in 2022:
- Turkey (16.6 tons)
- Jordan (1.1 tons)
- Egypt (0.7 tons)
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