Libya: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Libya

The Libyan market for chocolate bars with cereals, fruit or nuts reached $X in 2022, increasing by 14% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +112.7% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Libya

In value terms, production of chocolate bars with cereals, fruit or nuts surged to $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of 220% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Libya

After two years of decline, shipments abroad of chocolate bars with cereals, fruit or nuts decreased by 0% to X tons in 2022. Over the period under review, exports faced a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts stood at $X in 2022. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 7.1%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Libya, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Italy was relatively modest.

From 2013 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price posted prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 22%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2013 to 2022, the rate of growth in terms of prices for Egypt amounted to +40.4% per year.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Libya

In 2022, approx. X tons of chocolate bars with cereals, fruit or nuts were imported into Libya; with a decrease of -12.4% on the previous year. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 321%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of chocolate bars with cereals, fruit or nuts shrank to $X in 2022. Overall, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 421% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Bulgaria (X tons) and Egypt (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Libya, together comprising 58% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Libya were Turkey ($X), Bulgaria ($X) and Egypt ($X), together accounting for 58% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +38.7%, saw the highest rates of growth with regard to 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

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, growing by 5.8% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chocolate bars with cereals, fruit or nuts increased by +37.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 48%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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