Libya: Manuka Market 2024

Manuka Market Size in Libya

The Libyan manuka market dropped to $X in 2022, reducing by -7.7% against the previous year. In general, consumption saw a pronounced slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Manuka Production in Libya

In value terms, manuka production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 8.5%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Manuka Exports

Exports from Libya

In 2022, manuka exports from Libya surged to X tons, jumping by 38% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, manuka exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Kuwait (X tons) and Canada (X tons) were the main destinations of manuka exports from Libya, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +22,400.0%), while the other leaders experienced mixed trend patterns.

In value terms, Kuwait ($X) remains the key foreign market for manuka exports from Libya, comprising 80% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kuwait stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+7.9% per year) and Canada (+16,643.6% per year).

Export Prices by Country

In 2022, the average manuka export price amounted to $X per ton, waning by -12.2% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manuka export price increased by +38.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 57% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Saudi Arabia ($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 Bahrain (+23.3%), while the prices for the other major destinations experienced mixed trend patterns.

Manuka Imports

Imports into Libya

Manuka imports into Libya fell notably to X tons in 2022, waning by -21.2% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 266%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, manuka imports dropped to $X in 2022. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2018 when imports increased by 331%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of manuka to Libya, accounting for a 49% share of total imports. Moreover, manuka imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+77.6% per year) and Argentina (+3.9% per year).

In value terms, India ($X), Argentina ($X) and the United Arab Emirates ($X) were the largest manuka suppliers to Libya, together accounting for 61% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +79.0%, recorded the highest growth rate of 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 manuka import price stood at $X per ton in 2022, rising by 11% against the previous year. In general, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Australia ($X per ton), while the price for Egypt ($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 (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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