Libya: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Libya

The Libyan chocolate and confectionery market rose notably to $X in 2022, picking up by 9.6% against the previous year. The market value increased at an average annual rate of +5.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Chocolate And Confectionery Production in Libya

In value terms, chocolate and confectionery production surged to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 407% against the previous year. Chocolate and confectionery production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Chocolate And Confectionery Exports

Exports from Libya

For the fifth year in a row, Libya recorded decline in shipments abroad of chocolate and confectionery, which decreased by -3.7% to X tons in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2014 when exports increased by 12% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports fell modestly to $X in 2022. In general, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malta (X tons) was the main destination for chocolate and confectionery exports from Libya, accounting for a 87% share of total exports. Moreover, chocolate and confectionery exports to Malta exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold. The third position in this ranking was taken by Turkey (X kg), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Malta stood at -15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Turkey (-35.8% per year).

In value terms, Malta ($X) remains the key foreign market for chocolate and confectionery exports from Libya, comprising 87% of total exports. The second position in the ranking was taken by Italy ($X), with a 6.6% share of total exports. It was followed by Turkey, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malta amounted to -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Turkey (-37.0% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a mild decrease. The pace of growth appeared the most rapid in 2016 an increase of 40%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($X per ton) and Malta ($X per ton), while the average price for exports to Turkey ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+8.6%), while the prices for the other major destinations experienced a decline.

Chocolate And Confectionery Imports

Imports into Libya

In 2022, approx. X tons of chocolate and confectionery were imported into Libya; increasing by 2.8% compared with the previous year's figure. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 160%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chocolate and confectionery imports totaled $X in 2022. Overall, imports saw a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 202% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest chocolate and confectionery supplier to Libya, accounting for a 46% share of total imports. Moreover, chocolate and confectionery imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.8% per year) and the Netherlands (+21.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of chocolate and confectionery to Libya, comprising 40% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.0% per year) and the Netherlands (+22.3% per year).

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, increasing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2013 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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