Libya: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Libya

The Libyan preparations for animal feeding market expanded markedly to $X in 2022, picking up by 5.3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Preparations Used In Animal Feeding in Libya

In value terms, preparations for animal feeding production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Libya

In 2022, after two years of decline, there was significant decline in shipments abroad of preparations used in animal feeding, when their volume decreased by -19.6% to X tons. Overall, exports showed a dramatic setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, preparations for animal feeding exports shrank rapidly to $X in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for preparations for animal feeding exports from Libya, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to -20.1%.

In value terms, the Netherlands ($X) also remains the key foreign market for preparations used in animal feeding exports from Libya.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at -21.2%.

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2013 an increase of 31%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -1.3% per year.

Imports of Preparations Used In Animal Feeding

Imports into Libya

In 2022, the amount of preparations used in animal feeding imported into Libya plummeted to X tons, waning by -50.2% against 2021. Over the period under review, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2018 when imports increased by 256%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports shrank notably to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 208% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest supplier of preparations for animal feeding to Libya, accounting for a 53% share of total imports. Moreover, preparations for animal feeding imports from Tunisia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Morocco (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Tunisia totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.6% per year) and Morocco (+97.7% per year).

In value terms, Tunisia ($X) constituted the largest supplier of preparations used in animal feeding to Libya, comprising 39% of total imports. The second position in the ranking was held by Morocco ($X), with an 18% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+74.8% per year) and Belgium (-2.3% per year).

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, jumping by 56% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding import price increased by +97.1% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 76% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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