Libya: Chewing Gum Market 2022

Chewing Gum Market Size in Libya

The libyan chewing gum market skyrocketed to $X in 2021, jumping by X% against the previous year. this figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).Over the period under review, consumption, however, showed a abrupt slump.As a result, consumption reached the peak level of $X. from 2014 to 2021, the growth of the market remained at a lower figure.

Chewing Gum Production in Libya

In value terms, chewing gum production declined sharply to $X in 2021 estimated in export price.Over the period under review, production faced a sharp shrinkage.The pace of growth appeared the most rapid in 2017 with an increase of X a result, production attained the peak level of $X. from 2018 to 2021, production growth failed to regain momentum.

Chewing Gum Exports

Exports from Libya

In 2021, exports of chewing gum from libya soared to X tons, increasing by X% on 2020 figures.In general, exports posted noticeable growth.Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, chewing gum exports surged to $X in 2021.Overall, exports showed a strong increase.The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for chewing gum exports from Libya, with a X% share of total exports. Moreover, chewing gum exports to Turkey exceeded the volume sent to the second major destination, Egypt (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +X%.

In value terms, Egypt ($X) and Turkey ($X) were the largest markets for chewing gum exported from Libya worldwide.

Turkey, with a cagr of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, chewing gum export price increased by +X% against 2015 indices.The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Egypt ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+X%).

Chewing Gum Imports

Imports into Libya

In 2021, the amount of chewing gum imported into libya soared to X tons, with an increase of X% compared with the previous year's figure.Overall, imports, however, continue to indicate a pronounced setback.The growth pace was the most rapid in 2019 with an increase of X the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, chewing gum imports soared to $X in 2021.In general, imports, however, recorded a abrupt decline.The growth pace was the most rapid in 2019 with an increase of X% against the previous year.Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of chewing gum to Libya, with a X% share of total imports. Moreover, chewing gum imports from Turkey exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), eightfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+X% per year) and Colombia (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of chewing gum to Libya, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-X% per year) and Colombia (-X% per year).

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the import price showed a deep reduction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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