Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Libya - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Libya (CIF) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Libya
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Libya (CIF) - 2022
In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,389 per ton, reducing by -3.1% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $1,862 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($1,751 per ton), while the price for Indonesia ($804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+3.0%), while the prices for the other major suppliers experienced a decline.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Libya
Imports of liquid margarine and edible mixtures of animal or vegetable fats into Libya plummeted to 12K tons in 2022, reducing by -41% compared with the previous year. Over the period under review, imports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 456%. As a result, imports reached the peak of 20K tons, and then reduced markedly in the following year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats contracted remarkably to $16M in 2022. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 596%. As a result, imports reached the peak of $28M, and then fell markedly in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 3.6 | 1.7 | 4.4 | 7.3 | 26.6% |
| Turkey | 0.8 | 0.4 | 5.5 | 2.4 | 44.2% |
| Egypt | 1.7 | 0.3 | 5.5 | 1.8 | 1.9% |
| Morocco | 2.6 | 0.4 | 3.6 | 1.7 | -13.2% |
| Indonesia | 0.5 | 0.4 | 4.1 | 1.5 | 44.2% |
| Ukraine | 0.1 | 0.3 | 1.7 | 0.5 | 71.0% |
| Australia | 0.1 | N/A | 0.6 | 0.4 | 58.7% |
| Malaysia | 0.3 | 0.2 | 1.6 | 0.3 | 0.0% |
| Spain | 0.8 | 0.1 | 0.9 | 0.1 | -50.0% |
| Others | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
| Total | 10.7 | 4.1 | 28.3 | 16.2 | 14.8% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Libya in 2022:
- Tunisia (4.4K tons)
- Turkey (1.9K tons)
- Indonesia (1.9K tons)
- Egypt (1.3K tons)
- Morocco (1.1K tons)
- Ukraine (0.3K tons)
- Australia (0.3K tons)
- Malaysia (0.3K tons)
- Spain (0.1K tons)
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