Libya: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Libya

In 2022, after three years of growth, there was significant decline in the Libyan market for gingerbread, sweet biscuits and waffles, when its value decreased by -7% to $X. In general, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.1% against 2018 indices. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Gingerbread, Sweet Biscuits and Waffles in Libya

In value terms, gingerbread, sweet biscuit and waffle production soared to $X in 2022 estimated in export price. In general, production, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 87%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Libya

After four years of decline, shipments abroad of gingerbread, sweet biscuits and waffles increased by 111% to X tons in 2022. Over the period under review, exports, however, continue to indicate a sharp decrease. The growth pace was the most rapid in 2016 when exports increased by 259%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Overall, exports, however, continue to indicate a dramatic contraction. The growth pace was the most rapid in 2016 when exports increased by 257% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Libya, with a 77% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Tunisia exceeded the volume sent to the second major destination, Jordan (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tunisia amounted to -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-27.2% per year) and Turkey (+1,288.1% per year).

In value terms, Tunisia ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Libya, comprising 67% of total exports. The second position in the ranking was held by Turkey ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Tunisia amounted to -24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1,645.2% per year) and Jordan (-22.4% per year).

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, with a decrease of -17.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Jordan ($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 Turkey (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Libya

Gingerbread, sweet biscuit and waffle imports into Libya dropped to X tons in 2022, declining by -14.3% against the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 117% against the previous year. 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, gingerbread, sweet biscuit and waffle imports fell remarkably to $X in 2022. In general, imports, however, showed a mild expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 128%. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to Libya, accounting for a 36% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Turkey exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (-5.5% per year) and Italy (+2.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Libya, comprising 35% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by Tunisia, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.5% per year) and Tunisia (-5.4% per year).

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, shrinking by -4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined slightly in the following year.

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 Ukraine ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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