Libya: Canned Food Market 2024

Canned Food Market Size in Libya

In 2021, the Libyan canned food market decreased by -1.8% to $X, falling for the fifth year in a row after three years of growth. In general, consumption continues to indicate a mild decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Canned Food Production in Libya

In value terms, canned food production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a slight descent. The pace of growth was the most pronounced in 2015 when the production volume increased by 59%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Canned Food Exports

Exports from Libya

In 2021, shipments abroad of canned food increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a significant decrease. The pace of growth was the most pronounced in 2013 when exports increased by 327%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, canned food exports surged to $X in 2021. In general, exports, however, faced a sharp descent. The pace of growth appeared the most rapid in 2013 when exports increased by 69%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for canned food exports from Libya, accounting for a 1,575% share of total exports. Moreover, canned food exports to Greece exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2020, the average annual growth rate of volume to Greece amounted to +53.5%.

In value terms, Greece ($X) remains the key foreign market for canned food exports from Libya, comprising 1,919% of total exports. The second position in the ranking was taken by the United States ($X), with a 419% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Greece stood at +51.1%.

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, dropping by -16% against the previous year. In general, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 131%. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2020, the country with the highest price was Greece ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.6%), while the prices for the other major destinations experienced a decline.

Canned Food Imports

Imports into Libya

Canned food imports into Libya skyrocketed to X tons in 2021, rising by 41% against the previous year's figure. In general, imports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of 67%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, canned food imports surged to $X in 2021. 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 38% 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 2020, Greece (X tons) constituted the largest canned food supplier to Libya, with a 5% share of total imports. Moreover, canned food imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a 0.5% share.

From 2012 to 2020, the average annual growth rate of volume from Greece amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-27.5% per year) and Poland (-15.7% per year).

In value terms, Greece ($X) constituted the largest supplier of canned food to Libya, comprising 2.3% of total imports. The second position in the ranking was taken by Italy ($X), with a 0.5% share of total imports. It was followed by Poland, with a 0.5% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Greece amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-24.3% per year) and Poland (-22.7% per year).

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, rising by 70% against the previous year. Overall, import price indicated moderate growth from 2012 to 2020: its price increased at an average annual rate of +3.7% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, canned food import price decreased by -14.0% against 2018 indices. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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