Libya: Cream Market 2021

Cream Market Size in Libya

The Libyan cream market was estimated at $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2012 to 2020, the growth of the market remained at a lower figure.

Cream Production in Libya

In value terms, cream production reached $X in 2020 estimated in export prices. Overall, the total production indicated a modest increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2012 to 2020, production growth remained at a lower figure.

Cream Exports

Exports from Libya

In 2020, the amount of cream exported from Libya stood at X kg, almost unchanged from the previous year. In general, exports saw a deep setback. As a result, exports attained the peak of X tons. From 2009 to 2020, the growth exports failed to regain the momentum.

In value terms, cream exports amounted to $X in 2020. Overall, exports continue to indicate a prominent expansion. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for cream exports from Libya, accounting for a approx. X% share of total exports.

From 2007 to 2012, the average annual rate of growth in terms of volume to Egypt was relatively modest.

From 2007 to 2012, the average annual growth rate of value to Egypt was relatively modest.

Export Prices by Country

In 2012, the average cream export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price showed a significant increase. Over the period under review, average export prices hit record highs in 2012 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2007 to 2012, the rate of growth in terms of prices for Egypt amounted to X% per year.

Cream Imports

Imports into Libya

In 2020, overseas purchases of cream increased by X% to X tons, rising for the seventh year in a row after four years of decline. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. From 2010 to 2020, the growth imports remained at a lower figure.

In value terms, cream imports stood at $X in 2020. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2010 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Tunisia (X tons) constituted the largest cream supplier to Libya, accounting for a X% share of total imports. Moreover, cream imports from Tunisia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Egypt (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Tunisia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Egypt (-X% per year).

In value terms, the largest cream suppliers to Libya were Tunisia ($X), Egypt ($X) and Turkey ($X), with a combined X% share of total imports.

Tunisia recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Egypt ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform