Report Update Nov 1, 2024

Libya - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Refined Groundnut Oil Market 2024

Refined Groundnut Oil Market Size in Libya

In 2021, after three years of decline, there was significant growth in the Libyan refined groundnut oil market, when its value increased by 16% to $X. In general, consumption showed a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Refined Groundnut Oil Production in Libya

In value terms, refined groundnut oil production soared to $X in 2021 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 80%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Refined Groundnut Oil Exports

Exports by Country

Cameroon (X kg) was the main destination for refined groundnut oil exports from Libya, accounting for a approx. 100% share of total exports.

From 2014 to 2014, the average annual growth rate of volume to Cameroon was relatively modest.

From 2014 to 2014, the average annual rate of growth in terms of value to Cameroon was relatively modest.

Refined Groundnut Oil Imports

Imports into Libya

In 2017, the amount of refined groundnut oil imported into Libya skyrocketed to X tons, with an increase of 584% on 2016. In general, imports continue to indicate prominent growth. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2017, imports remained at a lower figure.

In value terms, refined groundnut oil imports skyrocketed to $X in 2017. Over the period under review, imports, however, recorded a perceptible decrease. Imports peaked at $X in 2015; however, from 2016 to 2017, imports stood at a somewhat lower figure.

Imports by Country

In 2017, the United Arab Emirates (X tons) was the main supplier of refined groundnut oil to Libya, with a 94% share of total imports. Moreover, refined groundnut oil imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

From 2013 to 2017, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -34.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of refined groundnut oil to Libya, comprising 94% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.6% share of total imports.

From 2013 to 2017, the average annual growth rate of value from the United Arab Emirates stood at -21.7%.

Import Prices by Country

In 2017, the average refined groundnut oil import price amounted to $X per ton, which is down by -12% against the previous year. Over the period under review, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 62% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2017, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2017, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy stood at $X per ton.

From 2013 to 2017, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 30% of global consumption. Japan, Germany, Pakistan, Brazil, Indonesia, Bangladesh, the UK, France, Nigeria and Mexico lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of refined groundnut oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 32% share of global production. Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France, the UK, Nigeria and Mexico lagged somewhat behind, together comprising a further 25%.

What are the leading suppliers of refined groundnut oil to Libya?

In value terms, the United Arab Emirates constituted the largest supplier of refined groundnut oil to Libya, comprising 94% of total imports. The second position in the ranking was occupied by Italy, with a 5.6% share of total imports.

What is the average export price for refined groundnut oil in Libya?

In 2014, the average refined groundnut oil export price amounted to $3,029 per ton, approximately reflecting the previous year.

What is the average import price for refined groundnut oil in Libya?

In 2017, the average refined groundnut oil import price amounted to $2,175 per ton, rising by 3.9% against the previous year.

This report provides an in-depth analysis of the refined groundnut 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:

Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

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