Libya: Cheese And Curd Market 2024

Cheese And Curd Market Size in Libya

In 2022, the Libyan cheese and curd market decreased by -1% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cheese and curd consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cheese And Curd Production in Libya

In value terms, cheese and curd production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.4% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 46%. Cheese and curd production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Cheese And Curd Exports

Exports from Libya

After two years of growth, overseas shipments of cheese and curd decreased by -22.7% to X tons in 2022. In general, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2018 with an increase of 6,461%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports fell notably to $X in 2022. Over the period under review, exports saw a precipitous slump. The pace of growth was the most pronounced in 2018 with an increase of 6,049% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X kg) and Poland (X kg) were the main destinations of cheese and curd exports from Libya.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of 0.0%).

In value terms, the largest markets for cheese and curd exported from Libya were Ireland ($X) and Poland ($X).

Among the main countries of destination, Poland, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, with an increase of 1.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Ireland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+3.8%).

Cheese And Curd Imports

Imports into Libya

In 2022, approx. X tons of cheese and curd were imported into Libya; dropping by -9.8% on 2021 figures. Overall, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of 79%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, cheese and curd imports contracted to $X in 2022. In general, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of 94% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

The Netherlands (X tons), Egypt (X tons) and Germany (X tons) were the main suppliers of cheese and curd imports to Libya, with a combined 41% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +12.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Libya were Egypt ($X), Germany ($X) and the Netherlands ($X), together accounting for 42% of total imports. Poland, Ireland, Austria, Denmark, Tunisia, Saudi Arabia, the United States and France lagged somewhat behind, together accounting for a further 29%.

Denmark, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, declining by -1.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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