Report Update Nov 1, 2024

Libya - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Libya

In 2021, the Libyan refined maize oil market increased by 87% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a drastic downturn. Refined maize oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Refined Maize Oil Exports

Exports from Libya

For the fourth consecutive year, Libya recorded decline in overseas shipments of refined maize (corn) oil, which decreased by 0% to X tons in 2017. In general, exports continue to indicate a sharp reduction. The smallest decline of -37% was in 2015. The exports peaked at X tons in 2013; however, from 2014 to 2017, the exports failed to regain momentum.

In value terms, refined maize oil exports amounted to $X in 2017. Overall, exports faced a dramatic setback. The smallest decline of -15.7% was in 2015. The exports peaked at $X in 2013; however, from 2014 to 2017, the exports failed to regain momentum.

Exports by Country

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

From 2013 to 2017, the average annual rate of growth in terms of volume to Niger amounted to -19.5%.

From 2013 to 2017, the average annual rate of growth in terms of value to Niger totaled +11.1%.

Export Prices by Country

In 2017, the average refined maize oil export price amounted to $X per ton, stabilizing at the previous year. In general, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 2013 to 2017, the rate of growth in terms of prices for Niger amounted to +38.1% per year.

Refined Maize Oil Imports

Imports into Libya

After two years of decline, supplies from abroad of refined maize (corn) oil increased by 55% to X tons in 2021. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, refined maize oil imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of refined maize oil to Libya, with a 52% share of total imports. Moreover, refined maize oil imports from Turkey exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), twofold. Morocco (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (-17.2% per year) and Morocco (+17.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of refined maize (corn) oil to Libya, comprising 54% of total imports. The second position in the ranking was held by Tunisia ($X), with a 26% share of total imports. It was followed by Morocco, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (-17.5% per year) and Morocco (+22.4% per year).

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2021, picking up by 37% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Tunisia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+4.5%), 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 refined maize (corn) oil in the world?

China constituted the country with the largest volume of refined maize oil consumption, accounting for 18% of total volume. Moreover, refined maize oil consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 4% share.

What are the largest producers of refined maize (corn) oil in the world?

The country with the largest volume of refined maize oil production was China, comprising approx. 19% of total volume. Moreover, refined maize oil production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 4.9% share.

What are the leading suppliers of refined maize (corn) oil to Libya?

In value terms, Turkey constituted the largest supplier of refined maize oil to Libya, comprising 49% of total imports. The second position in the ranking was occupied by Tunisia, with a 21% share of total imports. It was followed by Morocco, with an 8% share.

What is the average export price for refined maize (corn) oil in Libya?

The average refined maize oil export price stood at $2,506 per ton in 2017, approximately equating the previous year.

What is the average import price for refined maize (corn) oil in Libya?

The average refined maize oil import price stood at $1,181 per ton in 2021, reducing by -5.7% against the previous year.

This report provides an in-depth analysis of the refined maize 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 10621460 - Refined maize (corn) 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