Libya: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Libya

In 2022, the Libyan market for mixed condiments, sauses and seasonings decreased by -0.2% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value 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. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Libya

In value terms, mixed condiment, sause and seasoning production expanded to $X in 2022 estimated in export price. In general, production saw resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 50%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Libya

In 2022, shipments abroad of mixed condiments, sauses and seasonings increased by 4.9% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of 183% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, mixed condiment, sause and seasoning exports reached $X in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2015 with an increase of 248%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malta (X tons) was the main destination for mixed condiment, sause and seasoning exports from Libya, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malta totaled +21.7%.

In value terms, Malta ($X) also remains the key foreign market for mixed condiments, sauses and seasonings exports from Libya.

From 2012 to 2022, the average annual growth rate of value to Malta amounted to +36.5%.

Export Prices by Country

In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $X per ton, falling by -3.6% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2017 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +88.8% per year.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Libya

In 2022, approx. X tons of mixed condiments, sauses and seasonings were imported into Libya; waning by -22.3% on the previous year. In general, imports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by 191% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, mixed condiment, sause and seasoning imports dropped sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2015 with an increase of 132%. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of mixed condiment, sause and seasoning to Libya, accounting for a 55% share of total imports. Moreover, mixed condiment, sause and seasoning imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.0% per year) and Spain (-5.2% per year).

In value terms, the largest mixed condiment, sause and seasoning suppliers to Libya were the United Arab Emirates ($X), Spain ($X) and Turkey ($X), with a combined 72% share of total imports.

Turkey, with a CAGR of +18.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for mixed condiments, sauses and seasonings amounted to $X per ton, shrinking by -5.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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