Price for Cereal Groats; Meal and Pellets in Libya - 2022

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

The average import price for cereal groats; meal and pelletses stood at $528 per ton in 2022, dropping by -4.4% against the previous year. In general, the import price saw a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $701 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,809 per ton), while the price for Turkey ($321 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cereal groats; meal and pelletses amounted to $616 per ton, surging by 3.4% against the previous year. Overall, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 96%. Over the period under review, the average export prices hit record highs 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 +14.7% per year.

Imports of Cereal Groats; Meal and Pellets in Libya

In 2022, cereal groats; meal and pellets imports into Libya rose markedly to 1.4K tons, growing by 14% compared with the year before. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 100%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cereal groats; meal and pellets imports rose notably to $753K in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 138%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Import of Cereal Groats; Meal and Pellets in Libya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tunisia	162	97.4	320	540	49.4%
Turkey	13.4	32.0	335	141	119.1%
Egypt	3.4	1.2	20.1	63.7	165.6%
Spain	N/A	155	N/A	N/A	0%
Others	8.9	4.9	16.6	8.5	-1.5%
Total	188	290	692	753	58.8%

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

Tunisia (861.5 tons)
Turkey (438.0 tons)
Egypt (120.4 tons)

Exports of Cereal Groats; Meal and Pellets in Libya

For the third year in a row, Libya recorded decline in shipments abroad of cereal groats; meal and pelletses, which decreased by -20% to 761 kg in 2022. Overall, exports faced a dramatic descent.

In value terms, cereal groats; meal and pellets exports reduced remarkably to $469 in 2022. In general, exports faced a abrupt decline. The smallest decline of -17.2% was in 2021.