Libya - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Libya: Linseed Oil Market 2022
Linseed Oil Market Size in Libya
In 2021, the Libyan linseed oil market was finally on the rise to reach $X after five years of decline. In general, consumption, however, showed a slight curtailment. Linseed oil consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.
Linseed Oil Imports
Imports into Libya
In 2021, supplies from abroad of linseed oil was finally on the rise to reach X tons after five years of decline. Over the period under review, imports, however, recorded a noticeable setback. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.
In value terms, linseed oil imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Tunisia (X tons) was the main linseed oil supplier to Libya, with a X% share of total imports. Moreover, linseed oil imports from Tunisia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold.
From 2012 to 2021, the average annual growth rate of volume from Tunisia amounted to -X%.
In value terms, Tunisia ($X) constituted the largest supplier of linseed oil to Libya, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Tunisia totaled +X%.
Import Prices by Country
In 2021, the average linseed oil import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, linseed oil import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then declined modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Tunisia ($X per ton), while the price for Turkey amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+X%).
Source: IndexBox Platform
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This report provides an in-depth analysis of the linseed oil 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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