Libya: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Libya

The Libyan chocolate and confectionery market expanded notably to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Chocolate And Confectionery Production in Libya

In value terms, chocolate and confectionery production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Chocolate And Confectionery Exports

Exports from Libya

For the fifth year in a row, Libya recorded decline in shipments abroad of chocolate and confectionery, which decreased by X% to X tons in 2022. Over the period under review, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, chocolate and confectionery exports reduced to $X in 2022. Overall, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malta (X tons) was the main destination for chocolate and confectionery exports from Libya, with a X% share of total exports. Moreover, chocolate and confectionery exports to Malta exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold. The third position in this ranking was taken by Turkey (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malta totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, Malta ($X) remains the key foreign market for chocolate and confectionery exports from Libya, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

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

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Egypt ($X per ton) and Malta ($X per ton), while the average price for exports to Turkey ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Chocolate And Confectionery Imports

Imports into Libya

In 2022, approx. X tons of chocolate and confectionery were imported into Libya; with an increase of X% on the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, chocolate and confectionery imports rose remarkably to $X in 2022. Overall, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to 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 ($X) constituted the largest supplier of chocolate and confectionery to Libya, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Russia ($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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