Libya: Durum Wheat Market 2024

Durum Wheat Market Size in Libya

In 2022, the Libyan durum wheat market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Durum Wheat Production in Libya

In value terms, durum wheat production reduced to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of durum wheat in Libya contracted modestly to X kg per ha in 2022, stabilizing at the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the average durum wheat yield attained the peak level at X kg per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of durum wheat production in Libya fell slightly to X ha, which is down by X% compared with the previous year. Overall, the harvested area continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The durum wheat harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

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Durum Wheat Exports

Exports from Libya

After three years of decline, overseas shipments of durum wheat decreased by X% to X tons in 2020. Overall, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2020, the growth of the exports remained at a lower figure.

In value terms, durum wheat exports stood at $X in 2020. Over the period under review, exports saw a significant decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for durum wheat exports from Libya, with a approx. X% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to the UK was relatively modest.

From 2015 to 2020, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average durum wheat export price stood at $X per ton in 2020, approximately mirroring the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2016 a decrease of less than X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, 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 the UK.

From 2015 to 2020, the rate of growth in terms of prices for Tunisia amounted to X% per year.

Durum Wheat Imports

Imports into Libya

In 2022, approx. X tons of durum wheat were imported into Libya; picking up by X% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports soared to $X in 2022. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Canada (X tons) and Turkey (X tons) were the main suppliers of durum wheat imports to Libya, with a combined X% share of total imports. Italy lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of durum wheat to Libya, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated tangible growth 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. Based on 2022 figures, durum wheat import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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