Libya: Maize Market 2024

Maize Market Size in Libya

The Libyan maize market was estimated at $X in 2022, picking up by 3.5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Maize consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Maize Production in Libya

In value terms, maize production rose remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 41%. Maize production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of maize in Libya dropped to X tons per ha, approximately mirroring the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by 9.1% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the average maize yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of maize production in Libya totaled X ha, flattening at 2021 figures. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by 11% against the previous year. The maize harvested area peaked at X ha in 2017; afterwards, it flattened through to 2022.

Maize Exports

Exports from Libya

In 2022, exports of maize from Libya totaled X tons, approximately mirroring 2021. Overall, exports posted significant growth. The smallest decline of 99.9% was in 2019. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, maize exports stood at $X in 2022. In general, exports posted significant growth. The smallest decline of 99.9% was in 2019. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2015 to 2022, the average annual growth rate of volume to the Netherlands totaled +36.9%.

From 2015 to 2022, the average annual growth rate of value to the Netherlands stood at +45.4%.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum 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 the Netherlands.

From 2015 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +6.2% per year.

Maize Imports

Imports into Libya

In 2022, approx. X tons of maize were imported into Libya; with an increase of 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 40%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, maize imports fell slightly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of maize to Libya, accounting for a 56% share of total imports. Moreover, maize imports from Ukraine exceeded the figures recorded by the second-largest supplier, Romania (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+18.9% per year) and Russia (-1.4% per year).

In value terms, Ukraine ($X) constituted the largest supplier of maize to Libya, comprising 48% of total imports. The second position in the ranking was taken by Romania ($X), with a 13% share of total imports. It was followed by Argentina, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+20.1% per year) and Argentina (+16.4% per year).

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, which is down by -16% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when the average import price increased by 38%. 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 France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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