Libya: Groundnuts Market 2025

Groundnuts Market Size in Libya

The Libyan groundnuts market reduced slightly to $X in 2022, leveling off at the previous year. In general, consumption saw a noticeable descent. The growth pace was the most rapid in 2018 with an increase of 1.7%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Groundnuts Production in Libya

In value terms, groundnuts production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 1.7%. Groundnuts production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of ground-nut (in-shell) in Libya was estimated at X tons per ha in 2022, approximately reflecting 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by 3.3% against the previous year. Over the period under review, the average groundnuts yield hit record highs at X tons per ha in 2016; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of ground-nut (in-shell) in Libya dropped slightly to X ha, remaining constant against 2021. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the harvested area increased by 5.8% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the groundnuts harvested area remained at a somewhat lower figure.

Groundnuts Exports

Exports from Libya

Groundnuts exports from Libya soared to X tons in 2013, growing by 171% on the previous year's figure. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, groundnuts exports skyrocketed to $X in 2013. Over the period under review, total exports indicated significant growth from 2012 to 2013: its value increased at an average annual rate of +59.1% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons) was the main destination for groundnuts exports from Libya, accounting for a approx. 100% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Egypt stood at +170.7%.

In value terms, Egypt ($X) also remains the key foreign market for ground-nut (in-shell) exports from Libya.

From 2012 to 2013, the average annual rate of growth in terms of value to Egypt stood at +59.1%.

Export Prices by Country

In 2013, the average groundnuts export price amounted to $X per ton, reducing by -41.2% against the previous year. In general, the export price recorded a precipitous decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2012, and then contracted remarkably in the following year.

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

From 2012 to 2013, the rate of growth in terms of prices for Egypt amounted to -41.2% per year.

Groundnuts Imports

Imports into Libya

In 2022, supplies from abroad of ground-nut (in-shell) decreased by -4.3% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, groundnuts imports totaled $X in 2022. In general, imports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 2.5%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of groundnuts to Libya, with a 88% share of total imports. Moreover, groundnuts imports from Egypt exceeded the figures recorded by the second-largest supplier, Turkey (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt stood at -35.5%.

In value terms, Egypt ($X) constituted the largest supplier of ground-nut (in-shell) to Libya, comprising 91% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Egypt totaled -35.1%.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, surging by 6.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.6%).

Source: IndexBox Platform

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