Libya: Bread And Bakery Market 2024

Bread And Bakery Market Size in Libya

The Libyan bread and bakery market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bread And Bakery Production in Libya

In value terms, bread and bakery production fell slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Bread And Bakery Exports

Exports from Libya

In 2022, after two years of growth, there was significant decline in shipments abroad of bread and bakery, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped markedly in the following year.

In value terms, bread and bakery exports declined markedly to $X in 2022. In general, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Italy (X tons) was the main destination for bread and bakery exports from Libya, with a X% share of total exports. Moreover, bread and bakery exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was taken by Tunisia (X tons), with a X% share.

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

In value terms, Italy ($X) remains the key foreign market for bread and bakery exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the average bread and bakery export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a mild setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Mauritania ($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 Egypt (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bread And Bakery Imports

Imports into Libya

In 2022, the amount of bread and bakery imported into Libya reduced to X tons, which is down by X% against the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bread and bakery imports declined to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of bread and bakery to Libya, accounting for a X% share of total imports. Moreover, bread and bakery imports from Turkey exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and Italy (X% per year).

In value terms, Turkey ($X), Italy ($X) and Tunisia ($X) were the largest bread and bakery suppliers to Libya, with a combined X% share of total imports. Egypt, Bulgaria, Spain, Poland, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then dropped slightly 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 Poland ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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