Libya: Frozen Fruit Market 2024

Frozen Fruit Market Size in Libya

The Libyan frozen fruit market expanded rapidly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Frozen Fruit Production in Libya

In value terms, frozen fruit production expanded significantly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Frozen fruit production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Frozen Fruit Exports

Exports from Libya

After eight years of growth, overseas shipments of frozen fruits decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, frozen fruit exports reduced markedly to $X in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

The UK (X tons) was the main destination for frozen fruit exports from Libya, with a X% share of total exports. Moreover, frozen fruit exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), twofold.

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

In value terms, Canada ($X) remains the key foreign market for frozen fruits exports from Libya, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports.

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

Export Prices by Country

The average frozen fruit export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the UK ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fruit Imports

Imports into Libya

In 2022, purchases abroad of frozen fruits decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, frozen fruit imports reduced to $X in 2022. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of frozen fruit to Libya, with a X% share of total imports. Moreover, frozen fruit imports from Egypt exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Costa Rica (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Costa Rica (X% per year).

In value terms, Egypt ($X) constituted the largest supplier of frozen fruits to Libya, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The average frozen fruit import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

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 Egypt ($X per ton), while the price for Costa Rica ($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 a decline.

Source: IndexBox Platform

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