Report Update Nov 1, 2024

Libya - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Libya: Virgin Olive Oil Market 2024

Virgin Olive Oil Market Size in Libya

In 2022, after two years of growth, there was decline in the Libyan virgin olive oil market, when its value decreased by -1.6% to $X. In general, consumption showed a pronounced downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Virgin Olive Oil Production in Libya

In value terms, virgin olive oil production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 11%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Virgin Olive Oil Exports

Exports from Libya

In 2022, after two years of decline, there was significant growth in overseas shipments of virgin olive oil, when their volume increased by 7.7% to X tons. Overall, exports saw a notable increase. The pace of growth was the most pronounced in 2018 when exports increased by 589% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, virgin olive oil exports rose notably to $X in 2022. Over the period under review, exports, however, saw a noticeable reduction. The growth pace was the most rapid in 2018 when exports increased by 245%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) was the main destination for virgin olive oil exports from Libya, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Tunisia totaled +4.8%.

In value terms, Tunisia ($X) also remains the key foreign market for virgin olive oil exports from Libya.

From 2012 to 2022, the average annual growth rate of value to Tunisia stood at -2.5%.

Export Prices by Country

The average virgin olive oil export price stood at $X per ton in 2022, surging by 6.2% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Tunisia amounted to -7.0% per year.

Virgin Olive Oil Imports

Imports into Libya

In 2022, supplies from abroad of virgin olive oil decreased by -22.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a perceptible descent. The pace of growth appeared the most rapid in 2018 when imports increased by 947%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, virgin olive oil imports reduced markedly to $X in 2022. In general, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 868%. Over the period under review, imports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest supplier of virgin olive oil to Libya, with a 78% share of total imports. Moreover, virgin olive oil imports from Tunisia exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was taken by Spain (X tons), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Tunisia amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+39.5% per year) and Spain (+1.9% per year).

In value terms, Tunisia ($X) constituted the largest supplier of virgin olive oil to Libya, comprising 74% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.1% share of total imports. It was followed by Spain, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+37.0% per year) and Spain (+0.8% per year).

Import Prices by Country

The average virgin olive oil import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 23%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Egypt ($X per ton), while the price for Tunisia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?

The countries with the highest volumes of virgin olive oil consumption in 2021 were Italy, Spain and the United States, together accounting for 41% of global consumption. Morocco, Turkey, Greece, France, Tunisia, Syrian Arab Republic, Algeria, Portugal, Brazil and Germany lagged somewhat behind, together comprising a further 37%.

What are the largest producers of virgin olive oil in the world?

Spain constituted the country with the largest volume of virgin olive oil production, accounting for 35% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia, threefold. Italy ranked third in terms of total production with a 10% share.

What are the leading suppliers of virgin olive oil to Libya?

In value terms, Tunisia constituted the largest supplier of virgin olive oil to Libya, comprising 55% of total imports. The second position in the ranking was occupied by Italy, with a 19% share of total imports. It was followed by Spain, with an 8.3% share.

What are the leading importers of virgin olive oil from Libya?

In value terms, Tunisia remains the key foreign market for virgin olive oil exports from Libya, comprising 97% of total exports. The second position in the ranking was occupied by Turkey, with a 3% share of total exports.

What is the average export price for virgin olive oil in Libya?

The average virgin olive oil export price stood at $1,481 per ton in 2021, growing by 2.3% against the previous year.

What is the average import price for virgin olive oil in Libya?

In 2021, the average virgin olive oil import price amounted to $4,411 per ton, growing by 4.9% against the previous year.

This report provides an in-depth analysis of the virgin olive oil market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 261 - Oil of Olives, Virgin

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023