Report Update Nov 1, 2024

Libya - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Palm Oil Market 2024

Palm Oil Market Size in Libya

The Libyan palm oil market declined rapidly to $X in 2022, with a decrease of -34.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Palm Oil Exports

Exports from Libya

In 2017, the amount of palm oil exported from Libya totaled X tons, remaining stable against the previous year's figure. In general, exports recorded significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are expected to retain growth in the near future.

In value terms, palm oil exports stood at $X in 2017. Over the period under review, exports continue to indicate a moderate expansion. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are likely to see steady growth in years to come.

Exports by Country

Niger (X tons) was the main destination for palm oil exports from Libya, accounting for a approx. 100% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Niger totaled +58.6%.

From 2012 to 2017, the average annual growth rate of value to Niger amounted to +44.7%.

Export Prices by Country

The average palm oil export price stood at $X per ton in 2017, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2016 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2017, the export prices remained at a lower figure.

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

From 2012 to 2017, the rate of growth in terms of prices for Niger amounted to -8.7% per year.

Palm Oil Imports

Imports into Libya

In 2022, palm oil imports into Libya fell markedly to X tons, waning by -33.3% against the year before. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 378% against the previous year. As a result, imports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, palm oil imports dropped markedly to $X in 2022. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 252%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Egypt (X tons) were the main suppliers of palm oil imports to Libya, together comprising 36% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +59.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of palm oil to Libya, comprising 50% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total imports. It was followed by Egypt, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.0% per year) and Egypt (-13.3% per year).

Import Prices by Country

In 2022, the average palm oil import price amounted to $X per ton, dropping by -3.8% against the previous year. Over the period under review, the import price showed a perceptible decrease. The growth pace was the most rapid in 2020 when the average import price increased by 113% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Indonesia ($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 United Arab Emirates (+29.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm oil in the world?

Indonesia constituted the country with the largest volume of palm oil consumption, comprising approx. 25% of total volume. Moreover, palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India, threefold. Malaysia ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of palm oil in the world?

Indonesia constituted the country with the largest volume of palm oil production, comprising approx. 56% of total volume. Moreover, palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 4% share.

What are the leading suppliers of palm oil to Libya?

In value terms, the United Arab Emirates constituted the largest supplier of palm oil to Libya, comprising 63% of total imports. The second position in the ranking was occupied by Egypt, with an 18% share of total imports. It was followed by Tunisia, with an 8.1% share.

What is the average export price for palm oil in Libya?

The average palm oil export price stood at $382 per ton in 2015, therefore, remained relatively stable against the previous year.

What is the average import price for palm oil in Libya?

The average palm oil import price stood at $963 per ton in 2020, increasing by 25% against the previous year.

This report provides an in-depth analysis of the palm 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 257 - Oil of palm

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