Report Update Nov 1, 2024

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

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Libya: Refined Olive Oil Market 2024

Refined Olive Oil Market Size in Libya

The Libyan refined olive oil market contracted modestly to $X in 2022, reducing by -3.3% against the previous year. Over the period under review, consumption, however, saw a deep slump. The growth pace was the most rapid in 2017 when the market value increased by 8%. Refined olive oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Olive Oil Production in Libya

In value terms, refined olive oil production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 when the production volume increased by 13%. Refined olive oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Olive Oil Exports

Exports from Libya

In 2022, after two years of decline, there was significant growth in overseas shipments of refined olive oil, when their volume increased by 105% to X tons. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 146%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, refined olive oil exports soared to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 262%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for refined olive oil exports from Libya, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +23.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for refined olive oil exports from Libya.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +23.9%.

Export Prices by Country

The average refined olive oil export price stood at $X per ton in 2022, falling by -13.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 83%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average 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 United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.4% per year.

Refined Olive Oil Imports

Imports into Libya

In 2022, refined olive oil imports into Libya surged to X tons, with an increase of 17% compared with the previous year. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 322% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, refined olive oil imports rose significantly to $X in 2022. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 287%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest supplier of refined olive oil to Libya, with a 68% share of total imports. Moreover, refined olive oil imports from Tunisia exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from Tunisia stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.6% per year) and the United Arab Emirates (-5.9% per year).

In value terms, Tunisia ($X) constituted the largest supplier of refined olive oil to Libya, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.2% per year) and the United Arab Emirates (-8.8% per year).

Import Prices by Country

The average refined olive oil import price stood at $X per ton in 2022, waning by -3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2019 when the average import price increased by 54% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of refined olive oil consumption, comprising approx. 16% of total volume. Moreover, refined olive oil consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.1% share.

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

The countries with the highest volumes of in 2021 were China, Spain and India, with a combined 32% share of global production. These countries were followed by the United States, Japan, Italy, Russia, Pakistan, Nigeria, Germany, Indonesia, Brazil and Bangladesh, which together accounted for a further 28%.

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

In value terms, Tunisia constituted the largest supplier of refined olive oil to Libya, comprising 50% of total imports. The second position in the ranking was occupied by Turkey, with a 16% share of total imports. It was followed by Italy, with a 15% share.

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

In 2018, the average refined olive oil export price amounted to $4,176 per ton, remaining stable against the previous year.

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

The average refined olive oil import price stood at $3,385 per ton in 2021, picking up by 8.2% against the previous year.

This report provides an in-depth analysis of the refined olive 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 10415310 - Refined olive 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:

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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
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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