Libya: Dairy Produce Market 2024

Dairy Produce Market Size in Libya

In 2022, the Libyan dairy produce market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, continues to indicate a modest expansion. Dairy produce consumption peaked at $X in 2021, and then reduced in the following year.

Dairy Produce Production in Libya

In value terms, dairy produce production expanded to $X in 2022 estimated in export price. In general, production recorded a pronounced slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Dairy Produce Exports

Exports from Libya

In 2022, the amount of dairy produce exported from Libya declined remarkably to X tons, with a decrease of X% on the year before. Overall, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, dairy produce exports contracted significantly to $X in 2022. In general, exports showed a significant decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X kg) and Poland (X kg) were the main destinations of dairy produce 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 X%).

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

Poland, with a CAGR of X%, recorded 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 dairy produce export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate a slight increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign 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 totaled $X per ton.

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

Dairy Produce Imports

Imports into Libya

In 2022, supplies from abroad of dairy produce decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, dairy produce imports contracted to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of dairy produce imports to Libya, with a combined X% share of total imports. New Zealand, Spain, Poland, Egypt, Saudi Arabia, Tunisia and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy produce suppliers to Libya were New Zealand ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports. Egypt, Poland, Italy, Spain, Saudi Arabia, Tunisia and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 dairy produce import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 New Zealand ($X per ton), while the price for Italy ($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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