Libya: Groundnuts Market 2024

Groundnuts Market Size in Libya

The Libyan groundnuts market contracted modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in Libya

In value terms, groundnuts production shrank modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 when the production volume increased by X%. Groundnuts production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of ground-nut (in-shell) in Libya totaled X tons per ha in 2022, remaining constant against the year before. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The groundnuts yield peaked at X tons per ha in 2016; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of ground-nut (in-shell) production in Libya shrank modestly to X ha, approximately equating the year before. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the groundnuts harvested area remained at a lower figure.

Groundnuts Exports

Exports from Libya

In 2013, groundnuts exports from Libya skyrocketed to X tons, with an increase of X% on the year before. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, groundnuts exports surged to $X in 2013. Overall, total exports indicated a significant increase from 2012 to 2013: its value increased at an average annual rate of X% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons) was the main destination for groundnuts exports from Libya, with a approx. X% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of volume to Egypt totaled X%.

In value terms, Egypt ($X) also remains the key foreign market for ground-nut (in-shell) exports from Libya.

From 2012 to 2013, the average annual growth rate of value to Egypt totaled X%.

Export Prices by Country

In 2013, the average groundnuts export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a precipitous shrinkage. The export price peaked at $X per ton in 2012, and then shrank dramatically in the following year.

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

From 2012 to 2013, the rate of growth in terms of prices for Egypt amounted to X% per year.

Groundnuts Imports

Imports into Libya

In 2022, overseas purchases of ground-nut (in-shell) decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, groundnuts imports stood at $X in 2022. Overall, imports showed a precipitous setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of groundnuts to Libya, accounting for a X% share of total imports. Moreover, groundnuts imports from Egypt exceeded the figures recorded by the second-largest supplier, Turkey (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, Egypt ($X) constituted the largest supplier of ground-nut (in-shell) to Libya, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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