Price for Spices; Mixtures of 2 or More Products of the Same Heading in Libya - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Libya (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Libya (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Libya
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Libya
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Libya (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $1,054 per ton, reducing by -22.3% against the previous year. Overall, the import price showed a perceptible reduction. The growth pace was the most rapid in 2020 an increase of 83% against the previous year. Over the period under review, average import prices hit record highs at $2,434 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Jordan ($4,135 per ton), while the price for Tunisia ($522 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Libya (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $8,445 per ton in 2022, picking up by 1,443% against the previous year. In general, the export price showed buoyant growth. Over the period under review, the average export prices reached the maximum at $11,008 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +7.9% per year.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Libya
In 2022, imports of spices; mixtures of 2 or more products of the same heading into Libya surged to 1.2K tons, rising by 26% compared with 2021 figures. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of spices; mixtures of 2 or more products of the same heading dropped slightly to $1.2M in 2022. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 3.2% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in Libya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Tunisia | 468 | 320 | 353 | 417 | -3.8% |
India | 186 | 214 | 145 | 146 | -7.8% |
Turkey | 75.6 | 116 | 98.5 | 124 | 17.9% |
China | 149 | 329 | 202 | 110 | -9.6% |
Jordan | 139 | 220 | 195 | 101 | -10.1% |
United Kingdom | 230 | 95.0 | 65.2 | 19.2 | -56.3% |
Others | 138 | 136 | 200 | 310 | 31.0% |
Total | 1,385 | 1,430 | 1,258 | 1,228 | -3.9% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Libya in 2022:
- Tunisia (798.8 tons)
- India (172.2 tons)
- Turkey (46.3 tons)
- China (41.0 tons)
- Jordan (24.4 tons)
- United Kingdom (10.8 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Libya
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; mixtures of 2 or more products of the same heading, when their volume decreased by -93.5% to 717 kg. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,604%. As a result, the exports attained the peak of 11 tons, and then dropped rapidly in the following year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading totaled $6.1K in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 160% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in Libya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.4 | 3.7 | 0.3 | 6.1 | 148.0% |
Senegal | N/A | N/A | 1.3 | N/A | 0% |
Malaysia | N/A | N/A | 4.1 | N/A | 0% |
Others | 1.0 | N/A | 0.3 | N/A | -45.2% |
Total | 1.4 | 3.7 | 6.1 | 6.1 | 63.3% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Libya in 2022:
- Canada (717.0 kg)
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