Libya: Green Peas Market 2024

Green Peas Market Size in Libya

In 2022, the Libyan green peas market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Green Peas Production in Libya

In value terms, green peas production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The growth pace was the most rapid in 2014 when the production volume increased by 30%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of peas (green) in Libya declined to X tons per ha in 2022, remaining constant against the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by 5%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average green peas yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of peas (green) in Libya was estimated at X ha, approximately equating 2021. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by 8.4% against the previous year. The green peas harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Green Peas Exports

Exports from Libya

In 2017, green peas exports from Libya contracted rapidly to X tons, declining by -20% on the previous year's figure. Over the period under review, exports faced a sharp descent. Over the period under review, the exports attained the peak figure at X tons in 2016, and then fell dramatically in the following year.

In value terms, green peas exports amounted to $X in 2017. In general, exports showed a relatively flat trend pattern. The exports peaked in 2017 and are expected to retain growth in years to come.

Exports by Country

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

From 2016 to 2017, the average annual rate of growth in terms of volume to Tunisia totaled -20.0%.

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

From 2016 to 2017, the average annual growth rate of value to Tunisia was relatively modest.

Export Prices by Country

The average green peas export price stood at $X per ton in 2017, increasing by 25% against the previous year. Over the period from 2016 to 2017, it increased at an average annual rate of +25.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2016 to 2017, the rate of growth in terms of prices for Tunisia amounted to +25.0% per year.

Green Peas Imports

Imports into Libya

In 2022, purchases abroad of peas (green) increased by 313% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, green peas imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 257% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X tons) was the main supplier of green peas to Libya, with a 91% share of total imports. Moreover, green peas imports from Tunisia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia amounted to -17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (0.0% per year) and Egypt (-38.0% per year).

In value terms, Tunisia ($X) constituted the largest supplier of peas (green) to Libya, comprising 97% of total imports. The second position in the ranking was held by Egypt ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia totaled -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-37.7% per year) and Ukraine (0.0% per year).

Import Prices by Country

In 2022, the average green peas import price amounted to $X per ton, waning by -25.3% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green peas import price increased by +7.5% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 91% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+4.0%).

Source: IndexBox Platform

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