Libya: Spice Market 2025

Spice Market Size in Libya

In 2022, the Libyan spice market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Spice Production in Libya

In value terms, spice production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with a decrease of X% against the previous year. Spice production peaked in 2022 and is likely to see gradual growth in the immediate term.

In 2022, the average yield of spices in Libya stood at less than X kg per ha, approximately equating the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the spice harvested area in Libya totaled less than X ha, remaining stable against the previous year. In general, the harvested area showed a relatively flat trend pattern.

Spice Exports

Exports from Libya

In 2022, the amount of spices exported from Libya totaled X tons, increasing by X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spice exports expanded rapidly to $X in 2022. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for spice exports from Libya, with a X% share of total exports. Moreover, spice exports to Egypt exceeded the volume sent to the second major destination, Canada (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Egypt stood at X%.

In value terms, Egypt ($X) remains the key foreign market for spices exports from Libya, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled X%.

Export Prices by Country

The average spice export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Egypt totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%).

Spice Imports

Imports into Libya

In 2022, overseas purchases of spices increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, spice imports amounted to $X in 2022. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Tunisia (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of spice imports to Libya, with a combined X% share of total imports. China, Turkey, Egypt and Ukraine lagged somewhat behind, together accounting for a further X%.

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

In value terms, Tunisia ($X), India ($X) and Egypt ($X) appeared to be the largest spice suppliers to Libya, together accounting for X% of total imports. China, the United Arab Emirates, Turkey and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spice import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Ukraine ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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