Libya: Confectionery Market 2024

Confectionery Market Size in Libya

In 2022, the Libyan confectionery market increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Confectionery Production in Libya

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

Confectionery Exports

Exports from Libya

In 2022, shipments abroad of confectionery decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, confectionery exports fell slightly to $X in 2022. Overall, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for confectionery exports from Libya, with a X% share of total exports. Moreover, confectionery exports to Turkey exceeded the volume sent to the second major destination, Malta (X tons), sevenfold. Egypt (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average confectionery export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Turkey ($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 a decline.

Confectionery Imports

Imports into Libya

In 2022, imports of confectionery into Libya rose to X tons, surging by X% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced 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, confectionery imports expanded significantly to $X in 2022. In general, imports showed a pronounced increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, 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: Tunisia (X% per year) and Italy (X% per year).

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

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

Import Prices by Country

In 2022, the average confectionery import price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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