Libya: Soft Drink Market 2024

Soft Drink Market Size in Libya

The Libyan soft drink market shrank modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Soft Drink Production in Libya

In value terms, soft drink production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a deep contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Soft Drink Exports

Exports from Libya

After two years of decline, shipments abroad of soft drinks increased by X% to X litres in 2022. Over the period under review, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X litres. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, soft drink exports surged to $X in 2022. Overall, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X litres) was the main destination for soft drink exports from Libya, accounting for a X% share of total exports. Moreover, soft drink exports to Turkey exceeded the volume sent to the second major destination, Canada (X litres), tenfold. The third position in this ranking was taken by Switzerland (X litres), with a X% share.

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

In value terms, Turkey ($X) emerged as the key foreign market for soft drinks exports from Libya, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

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

Export Prices by Country

The average soft drink export price stood at $X per litre in 2022, jumping by X% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per litre), while the average price for exports to Malta ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soft Drink Imports

Imports into Libya

In 2022, the amount of soft drinks imported into Libya reduced sharply to X litres, dropping by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X litres in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, soft drink imports dropped to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Austria (X litres), Turkey (X litres) and the United Arab Emirates (X litres) were the main suppliers of soft drink imports to Libya, with a combined X% share of total imports. Tunisia, Saudi Arabia, Lebanon, Serbia, Spain, Germany, Egypt, North Macedonia, Oman and Greece lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soft drink suppliers to Libya were Austria ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total imports. The United Arab Emirates, Lebanon, Serbia, Tunisia, Germany, Spain, Egypt, Oman, North Macedonia and Greece lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soft drink import price stood at $X per litre in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a mild setback. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Austria ($X per litre), while the price for Tunisia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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