
Libya - Wine and Grape Must - Market Analysis, Forecast, Size, Trends and Insights
Libya: Wine Market 2023
Wine Exports
Exports from Libya
In 2022, the amount of wine and grape must exported from Libya surged to X litres, picking up by 117% on 2021 figures. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 1,100% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, wine exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 458% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
Exports by Country
Switzerland (X litres) was the main destination for wine exports from Libya, accounting for a approx. 50% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at +19.7%.
In value terms, Switzerland ($X) also remains the key foreign market for wine and grape must exports from Libya.
From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest.
Export Prices by Country
In 2022, the average wine export price amounted to $X per litre, falling by -38.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 99%. Over the period under review, the average export prices reached the maximum at $X per litre in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to -16.7% per year.
Wine Imports
Imports into Libya
Wine imports into Libya surged to X litres in 2022, picking up by 27% on the previous year. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 161%. Over the period under review, imports attained the maximum at X litres in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, wine imports surged to $X in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 149%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
Imports by Country
Spain (X litres) and Italy (X litres) were the main suppliers of wine imports to Libya.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +20.7%).
In value terms, Italy ($X) constituted the largest supplier of wine and grape must to Libya, comprising 18% of total imports. The second position in the ranking was held by Spain ($X), with a 7.4% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +5.7%.
Import Prices by Country
The average wine import price stood at $X per litre in 2022, declining by -6.8% against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the average import price increased by 31%. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Spain amounted to $X per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.7%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wine 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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