Price for Cereal Groats and Meal; of Wheat in Libya - 2022

Price for Cereal Groats and Meal; of Wheat in Libya (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $418 per ton in 2022, shrinking by -4.9% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2013 an increase of 6.5%. The import price peaked at $750 per ton in 2014; however, from 2015 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 Tunisia ($492 per ton), while the price for Turkey ($259 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (-3.6%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Groats and Meal; of Wheat in Libya (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $1,051 per ton in 2022, increasing by 18% against the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 96%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +21.0% per year.

Imports of Cereal Groats and Meal; of Wheat in Libya

In 2022, approx. 94 tons of cereal groats and meal; of wheats were imported into Libya; surging by 7.5% compared with 2021 figures. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats stood at $39K in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 2.2% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Cereal Groats and Meal; of Wheat in Libya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tunisia	26.3	10.0	11.5	28.0	2.1%
Turkey	1.0	1.0	12.1	6.8	89.5%
Egypt	9.2	5.3	14.3	4.2	-23.0%
Spain	N/A	21.0	N/A	N/A	0%
Others	0.1	0.1	0.3	0.1	0.0%
Total	36.6	37.4	38.2	39.1	2.2%

Top Suppliers of Cereal Groats and Meal; of Wheat to Libya in 2022:

Tunisia (56.8 tons)
Turkey (26.2 tons)
Egypt (10.4 tons)

Exports of Cereal Groats and Meal; of Wheat in Libya

In 2022, exports of cereal groats and meal; of wheats from Libya declined to 1.1 tons, dropping by -11.6% compared with the previous year. Over the period under review, exports recorded a abrupt curtailment.

In value terms, exports of cereal groats and meal; of wheats amounted to $1.2K in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 4.5%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.