Libya: Market for Evaporated And Condensed Milk 2025

Market Size for Evaporated And Condensed Milk in Libya

The Libyan evaporated and condensed milk market expanded markedly to $X in 2022, picking up by 9.7% 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). In general, consumption, however, saw a relatively flat trend pattern. Evaporated and condensed milk consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Evaporated And Condensed Milk

Exports from Libya

In 2017, overseas shipments of evaporated and condensed milk decreased by 0% to X kg, falling for the second consecutive year after two years of decline. Over the period under review, exports saw a sharp shrinkage. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2017, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports totaled $X in 2017. Overall, exports recorded a dramatic decline. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2017, the exports failed to regain momentum.

Exports by Country

Malaysia (X kg) was the main destination for evaporated and condensed milk exports from Libya, with a approx. 100% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2017, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9%. The export price peaked in 2017 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2013 to 2017, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Evaporated And Condensed Milk

Imports into Libya

Evaporated and condensed milk imports into Libya soared to X tons in 2022, jumping by 15% compared with the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 64% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, evaporated and condensed milk imports expanded significantly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 67%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Oman (X tons) were the main suppliers of evaporated and condensed milk imports to Libya, with a combined 55% 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 Oman (with a CAGR of +28.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Netherlands ($X) and Oman ($X) constituted the largest evaporated and condensed milk suppliers to Libya, with a combined 53% share of total imports.

In terms of the main suppliers, Oman, with a CAGR of +33.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2022, declining by -5.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Lithuania ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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