
Libya - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
Libya: Frozen Potato Market 2023
Frozen Potato Market Size in Libya
The Libyan frozen potato market contracted to $X in 2021, declining by -4% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
Frozen Potato Production in Libya
In value terms, frozen potato production dropped to $X in 2021 estimated in export price. Overall, production saw a deep contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 13%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Frozen Potato Exports
Exports from Libya
In 2012, approx. X tons of frozen potatoes were exported from Libya; remaining stable against 2011. In general, exports showed a relatively flat trend pattern. The exports peaked in 2012 and are expected to retain growth in the near future.
In value terms, frozen potato exports stood at $X in 2012. Overall, exports showed a relatively flat trend pattern. The exports peaked in 2012 and are likely to continue growth in years to come.
Exports by Country
Egypt (X tons) was the main destination for frozen potato exports from Libya, with a approx. 100% share of total exports.
From 2012 to 2012, the average annual rate of growth in terms of volume to Egypt was relatively modest.
From 2012 to 2012, the average annual rate of growth in terms of value to Egypt was relatively modest.
Frozen Potato Imports
Imports into Libya
In 2021, purchases abroad of frozen potatoes decreased by -1.1% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a mild descent. The pace of growth appeared the most rapid in 2019 with an increase of 236%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.
In value terms, frozen potato imports declined to $X in 2021. In general, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2019 with an increase of 297%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, Belgium (X tons) constituted the largest frozen potato supplier to Libya, accounting for a 41% share of total imports. Moreover, frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 1.9% share.
From 2012 to 2021, the average annual growth rate of volume from Belgium totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-18.1% per year) and the Netherlands (-13.5% per year).
In value terms, Belgium ($X) constituted the largest supplier of frozen potatoes to Libya, comprising 35% of total imports. The second position in the ranking was taken by Egypt ($X), with a 4% share of total imports. It was followed by the United Arab Emirates, with a 2.9% share.
From 2012 to 2021, the average annual growth rate of value from Belgium amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-15.5% per year) and the United Arab Emirates (+16.6% per year).
Import Prices by Country
The average frozen potato import price stood at $X per ton in 2021, shrinking by -5.4% against the previous year. In general, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2019 an increase of 18%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the frozen potato market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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