Starches; Inulin Price in Libya - 2022
Contents:
Starches; Inulin Price in Libya (CIF) - 2022
The average starches; inulin import price stood at $427 per ton in 2022, falling by -13.6% against the previous year. In general, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure at $600 per ton in 2012; however, from 2013 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 Italy ($3,247 per ton), while the price for India ($332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Starches; Inulin Imports in Libya
Starches; inulin imports into Libya rose modestly to 3K tons in 2022, growing by 4.1% on 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 5.3%. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, starches; inulin imports declined to $1.3M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. As a result, imports attained the peak of $1.4M, and then reduced in the following year.
| Import of Starches; Inulin in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 902 | 951 | 1,231 | 966 | 2.3% |
| Egypt | 67.7 | 18.7 | 82.1 | 181 | 38.8% |
| India | 22.6 | 25.4 | 18.9 | 27.6 | 6.9% |
| Brazil | 17.7 | 22.1 | 6.8 | 18.6 | 1.7% |
| Others | 110 | 102 | 61.0 | 66.6 | -15.4% |
| Total | 1,120 | 1,119 | 1,400 | 1,259 | 4.0% |
Top Suppliers of Starches; Inulin to Libya in 2022:
- Turkey (2371.5 tons)
- Egypt (353.5 tons)
- India (83.0 tons)
- Brazil (53.1 tons)
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