Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Libya - 2022

Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Libya (CIF) - 2022

In 2022, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $10,552 per ton, picking up by 19% against the previous year. Over the period under review, the import price showed pronounced growth. The growth pace was the most rapid in 2017 an increase of 81%. Over the period under review, average import prices hit record highs at $17,383 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +3.0% per year.

Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Libya

In 2022, after three years of growth, there was significant decline in supplies from abroad of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol, when their volume decreased by -5.5% to 223 kg. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of 236 kg, and then dropped in the following year.

In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol expanded rapidly to $2.4K in 2022. In general, imports faced a abrupt downturn.