Non-Liquid Margarine Price in Libya - 2022
Contents:
Non-Liquid Margarine Price in Libya (CIF) - 2022
The average non-liquid margarine import price stood at $1,471 per ton in 2022, dropping by -3.1% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure at $2,070 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,845 per ton), while the price for Algeria ($1,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Non-Liquid Margarine Imports in Libya
In 2022, imports of non-liquid margarine into Libya fell significantly to 5.4K tons, dropping by -38.8% compared with the year before. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 347%.
In value terms, non-liquid margarine imports declined remarkably to $7.9M in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 440% against the previous year. As a result, imports reached the peak of $13M, and then shrank significantly in the following year.
| Import of Non-Liquid Margarine in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 7.6 | 1.8 | 9.4 | 5.5 | -10.2% |
| Egypt | 0.7 | 0.3 | 1.6 | 1.2 | 19.7% |
| Algeria | 0.4 | 0.1 | 0.6 | 0.4 | 0.0% |
| Spain | 0.6 | N/A | 0.6 | 0.3 | -20.6% |
| Turkey | 0.8 | 0.1 | 0.5 | 0.2 | -37.0% |
| Others | 0.5 | 0.1 | 0.6 | 0.3 | -15.7% |
| Total | 10.7 | 2.5 | 13.3 | 7.9 | -9.6% |
Top Suppliers of Non-Liquid Margarine to Libya in 2022:
- Tunisia (3677.2 tons)
- Egypt (737.2 tons)
- Algeria (340.7 tons)
- Turkey (212.9 tons)
- Spain (154.9 tons)
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