Libya: Chocolate Market 2024

Chocolate Market Size in Libya

The Libyan chocolate market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Chocolate Production in Libya

In value terms, chocolate production totaled $X in 2022 estimated in export price. Overall, production, however, showed a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Chocolate Exports

Exports from Libya

In 2022, exports of chocolate and cocoa products from Libya shrank rapidly to X tons, which is down by X% on the year before. Overall, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, chocolate exports shrank sharply to $X in 2022. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons), Malta (X tons) and Italy (X kg) were the main destinations of chocolate exports from Libya, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Ireland ($X) emerged as the key foreign market for chocolate and cocoa products exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Malta ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ireland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced a decline.

Chocolate Imports

Imports into Libya

In 2022, the amount of chocolate and cocoa products imported into Libya declined to X tons, with a decrease of X% against the year before. Over the period under review, imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, chocolate imports declined sharply to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest chocolate supplier to Libya, accounting for a X% share of total imports. Moreover, chocolate imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of chocolate and cocoa products to Libya, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the UK (X% per year).

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X 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 the UK ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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