Libya: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Libya

The Libyan market for frozen, dried and smoked fish rose markedly to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, recorded a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Frozen, Dried And Smoked Fish in Libya

In value terms, frozen, dried and smoked fish production expanded slightly to $X in 2023 estimated in export price. In general, production, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Libya

In 2023, frozen, dried and smoked fish exports from Libya dropped significantly to X tons, falling by X% on the previous year. Over the period under review, exports, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, frozen, dried and smoked fish exports fell to $X in 2023. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for frozen, dried and smoked fish exports from Libya, with a X% share of total exports. It was followed by Japan (X kg), with less than X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to South Korea stood at X%.

In value terms, South Korea ($X) remains the key foreign market for frozen, dried and smoked fish exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with less than X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to South Korea totaled X%.

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Libya

After three years of decline, purchases abroad of frozen, dried and smoked fish increased by X% to X tons in 2023. Over the period under review, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports rose to $X in 2023. Overall, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X tons) constituted the largest supplier of frozen, dried and smoked fish to Libya, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Turkey exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. Namibia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Namibia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of frozen, dried and smoked fish to Libya, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports. It was followed by Argentina, with an X% share.

From 2012 to 2023, 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: Namibia (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the average import price for frozen, dried and smoked fish amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform