Report Update Nov 1, 2024

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

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Libya: Refined Palm Oil Market 2024

Refined Palm Oil Market Size in Libya

The Libyan refined palm oil market shrank slightly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Refined Palm Oil Production in Libya

In value terms, refined palm oil production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. Refined palm oil production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Refined Palm Oil Exports

Exports from Libya

Refined palm oil exports from Libya was estimated at X tons in 2017, remaining stable against the previous year. Over the period under review, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure in 2017 and are likely to continue growth in years to come.

In value terms, refined palm oil exports amounted to $X in 2017. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are likely to see gradual growth in years to come.

Exports by Country

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

From 2012 to 2017, the average annual growth rate of volume to Niger amounted to +58.6%.

From 2012 to 2017, the average annual rate of growth in terms of value to Niger amounted to +44.7%.

Export Prices by Country

The average refined palm oil export price stood at $X per ton in 2017, almost unchanged from the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2017, the export prices stood at a somewhat lower figure.

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

From 2012 to 2017, the rate of growth in terms of prices for Niger amounted to -8.7% per year.

Refined Palm Oil Imports

Imports into Libya

In 2022, approx. X tons of refined palm oil were imported into Libya; reducing by -33.4% against the previous year. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 384%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, refined palm oil imports reduced sharply to $X in 2022. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 253%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Egypt (X tons) were the main suppliers of refined palm oil imports to Libya, with a combined 35% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +59.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of refined palm oil to Libya, comprising 50% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by Egypt, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.0% per year) and Egypt (-13.2% per year).

Import Prices by Country

The average refined palm oil import price stood at $X per ton in 2022, which is down by -3.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 114%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 the United Arab Emirates ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest refined palm oil consuming country worldwide, accounting for 12% of total volume. Moreover, refined palm 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 5.6% share.

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

Indonesia remains the largest refined palm oil producing country worldwide, comprising approx. 28% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was occupied by India, with a 5.2% share.

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

In value terms, the United Arab Emirates constituted the largest supplier of refined palm oil to Libya, comprising 67% of total imports. The second position in the ranking was occupied by Malaysia, with a 17% share of total imports. It was followed by Tunisia, with an 8.6% share.

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

The average refined palm oil export price stood at $379 per ton in 2015, remaining stable against the previous year.

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

In 2021, the average refined palm oil import price amounted to $844 per ton, falling by -15.7% against the previous year.

This report provides an in-depth analysis of the refined palm 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 10415700 - Refined palm 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