Spices; Mixtures Price in Libya - 2022
Contents:
Spices; Mixtures Price in Libya (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $3,212 per ton, surging by 15% against the previous year. In general, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. The import price peaked at $5,472 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Jordan ($4,982 per ton), while the price for India ($1,034 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.3%), while the prices for the other major suppliers experienced a decline.
Spices; Mixtures Imports in Libya
In 2022, approx. 28 tons of spices; mixtureses were imported into Libya; falling by -38.7% on the year before. Overall, imports recorded a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 168% against the previous year.
In value terms, spices; mixtures imports dropped significantly to $89K in 2022. Over the period under review, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 141% against the previous year.
| Import of Spices; Mixtures in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 119 | 5.8 | 60.1 | 38.7 | -31.2% |
| Jordan | N/A | N/A | N/A | 15.4 | 0% |
| Egypt | 202 | 25.0 | 22.8 | 12.5 | -60.4% |
| Pakistan | 15.5 | 3.0 | 10.7 | 9.8 | -14.2% |
| United Arab Emirates | 5.0 | 7.4 | 18.4 | 6.8 | 10.8% |
| India | 1.1 | 3.8 | 6.2 | 3.1 | 41.3% |
| Lebanon | 22.5 | 5.6 | 4.9 | 2.6 | -51.3% |
| Others | 6.0 | 2.0 | 3.3 | 0.5 | -56.3% |
| Total | 371 | 52.5 | 126 | 89.4 | -37.8% |
Top Suppliers of Spices; Mixtures to Libya in 2022:
- Turkey (14.5 tons)
- Jordan (3.1 tons)
- India (3.0 tons)
- Egypt (2.6 tons)
- Pakistan (2.3 tons)
- United Arab Emirates (1.5 tons)
- Lebanon (0.7 tons)
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