Libya: Market for Nuts (Prepared Or Preserved) 2025

Market Size for Nuts (Prepared Or Preserved) in Libya

The Libyan nuts (prepared or preserved) market dropped modestly to $X in 2021, shrinking by -1.6% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Nuts (prepared or preserved) consumption peaked at $X in 2020, and then fell in the following year.

Production of Nuts (Prepared Or Preserved) in Libya

In value terms, nuts (prepared or preserved) production contracted to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports from Libya

In 2021, shipments abroad of nuts (prepared or preserved) decreased by -23.8% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a significant increase. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined notably in the following year.

In value terms, nuts (prepared or preserved) exports fell rapidly to $X in 2021. In general, exports, however, posted a significant expansion. Over the period under review, the exports reached the peak figure at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

Armenia (X tons) was the main destination for nuts (prepared or preserved) exports from Libya, accounting for a 95% share of total exports. Moreover, nuts (prepared or preserved) exports to Armenia exceeded the volume sent to the second major destination, El Salvador (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Armenia was relatively modest.

In value terms, Armenia ($X) emerged as the key foreign market for nuts (prepared or preserved) exports from Libya, comprising 83% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Armenia was relatively modest.

Export Prices by Country

In 2021, the average nuts (prepared or preserved) export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a tangible expansion. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Armenia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Libya

In 2021, nuts (prepared or preserved) imports into Libya soared to X tons, rising by 112% compared with the year before. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 209% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, nuts (prepared or preserved) imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of 228%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest nuts (prepared or preserved) supplier to Libya, accounting for a 56% share of total imports. Moreover, nuts (prepared or preserved) imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. Russia (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+14.6% per year) and Russia (+19.8% per year).

In value terms, the United Arab Emirates ($X), Turkey ($X) and China ($X) appeared to be the largest nuts (prepared or preserved) suppliers to Libya, with a combined 84% share of total imports.

China, with a CAGR of +58.1%, saw 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

The average nuts (prepared or preserved) import price stood at $X per ton in 2021, surging by 10% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nuts (prepared or preserved) import price decreased by -7.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 63%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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