Dried Apricot Price in Libya - 2022
Contents:
Dried Apricot Price in Libya (CIF) - 2022
The average dried apricot import price stood at $4,276 per ton in 2022, reducing by -15.2% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried apricot import price increased by +89.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 67%. The import price peaked at $5,044 per ton in 2021, and then shrank rapidly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($4,601 per ton), while the price for Turkey totaled $4,247 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.3%).
Dried Apricot Imports in Libya
Dried apricot imports into Libya dropped remarkably to 44 tons in 2022, reducing by -29.2% on the year before. Overall, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 273% against the previous year. As a result, imports attained the peak of 62 tons, and then dropped sharply in the following year.
In value terms, dried apricot imports dropped sharply to $187K in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 401%. As a result, imports reached the peak of $312K, and then shrank notably in the following year.
| Import of Dried Apricot in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 101 | 53.0 | 308 | 183 | 21.9% |
| United Arab Emirates | 6.0 | 1.5 | 1.3 | 0.9 | -46.9% |
| Others | 7.8 | 7.9 | 2.7 | 3.2 | -25.7% |
| Total | 115 | 62.4 | 312 | 187 | 17.6% |
Top Suppliers of Dried Apricot to Libya in 2022:
- Turkey (43.2 tons)
- United Arab Emirates (0.2 tons)
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