Libya: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Libya

The Libyan market for fish fillets and other fish meat reduced notably to $X in 2022, falling by -38.5% against the previous year. Overall, consumption continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fillets and Other Fish Meat in Libya

In value terms, production of fish fillets and other fish meat amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 1,386,325,400%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports from Libya

In 2022, after two years of growth, there was significant decline in overseas shipments of fish fillets and other fish meat, when their volume decreased by -12.6% to X tons. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 292%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of fish fillets and other fish meat contracted to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 159%. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for exports of fish fillets and other fish meat from Libya, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +27.6%.

In value terms, South Korea ($X) also remains the key foreign market for fish fillets and other fish meat exports from Libya.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled +6.0%.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, with an increase of 2.1% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -14.7% per year.

Imports of Fish Fillets and Other Fish Meat

Imports into Libya

In 2022, imports of fish fillets and other fish meat into Libya declined markedly to X tons, falling by -24.9% compared with 2021 figures. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 99%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of fish fillets and other fish meat fell notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 226% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of fish fillets and other fish meat to Libya, accounting for a 60% share of total imports. Moreover, imports of fish fillets and other fish meat from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6,628.8% per year) and Turkey (+32.8% per year).

In value terms, India ($X) constituted the largest supplier of fish fillets and other fish meat to Libya, comprising 60% of total imports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total imports. It was followed by Turkey, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3,964.0% per year) and Turkey (+17.5% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 93%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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