Libya: Oil Crops Market 2025

Oil Crops Market Size in Libya

The Libyan oil crops market surged to $X in 2022, growing by X% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Oil Crops Production in Libya

In value terms, oil crops production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of oil crops (primary) in Libya was estimated at X tons per ha in 2022, approximately equating 2021. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. Over the period under review, the average oil crops yield attained the maximum level at X tons per ha in 2016; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oil crops (primary) were harvested in Libya; flattening at the year before. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the oil crops harvested area remained at a somewhat lower figure.

Oil Crops Exports

Exports from Libya

In 2022, shipments abroad of oil crops (primary) decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, oil crops exports stood at $X in 2022. Overall, exports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania (X tons) was the main destination for oil crops exports from Libya, accounting for a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mauritania was relatively modest.

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

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Oil Crops Imports

Imports into Libya

After four years of decline, purchases abroad of oil crops (primary) increased by X% to X tons in 2022. In general, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, oil crops imports surged to $X in 2022. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ukraine (X tons), China (X tons) and Turkey (X tons) were the main suppliers of oil crops imports to Libya, with a combined X% share of total imports.

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

In value terms, the largest oil crops suppliers to Libya were the Netherlands ($X), China ($X) and Turkey ($X), with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw 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 oil crops import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price posted resilient growth. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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