Libya: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Libya

The Libyan market for candies, sweets, and nonchocolate confectionery rose sharply to $X in 2022, surging by 13% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Libya

In value terms, candy, sweets, and nonchocolate confectionery production soared to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 861%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Libya

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery decreased by -16.2% to X tons, falling for the second consecutive year after five years of growth. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 63% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports fell slightly to $X in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 111%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Libya, accounting for a 92% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Turkey exceeded the volume sent to the second major destination, Egypt (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +4.6%.

In value terms, Turkey ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Libya, comprising 82% of total exports. The second position in the ranking was taken by Egypt ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, surging by 16% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+4.2%).

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Libya

In 2022, candy, sweets, and nonchocolate confectionery imports into Libya declined to X tons, which is down by -6.5% against the previous year's figure. Over the period under review, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 120%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery imports reached $X in 2022. In general, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2016 when imports increased by 142% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Tunisia (X tons) and Egypt (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Libya, with a combined 71% share of total imports. Ukraine, Saudi Arabia, Brazil, Colombia, Spain, Bahrain, Vietnam, Italy and Poland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +42.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Libya, comprising 42% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 19% share of total imports. It was followed by Egypt, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+8.6% per year) and Egypt (-4.7% per year).

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, surging by 9.1% against the previous year. In general, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2020 an increase of 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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