Spices; Turmeric (Curcuma) Price in Libya - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Libya (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Libya (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Libya
- Spices; Turmeric (Curcuma) Exports in Libya
Spices; Turmeric (Curcuma) Price in Libya (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,062 per ton in 2022, with an increase of 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. Over the period under review, average import prices attained the peak figure at $1,381 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,238 per ton), while the price for India ($1,045 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Libya (FOB) - 2022
In 2022, the average spices; turmeric (curcuma) export price amounted to $8,000 per ton, remaining constant against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; turmeric (curcuma) export price increased by +42.9% against 2012 indices. The pace of growth appeared the most rapid in 2019 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +3.6% per year.
Spices; Turmeric (Curcuma) Imports in Libya
In 2022, the amount of spices; turmeric (curcuma) imported into Libya skyrocketed to 4K tons, rising by 53% on the previous year's figure. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) imports skyrocketed to $4.3M in 2022. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.8 | 1.9 | 2.2 | 3.9 | 11.7% |
| United Arab Emirates | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Ethiopia | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.0 | 2.1 | 2.6 | 4.3 | 12.7% |
Top Suppliers of Spices; Turmeric (Curcuma) to Libya in 2022:
- India (3.8K tons)
- United Arab Emirates (0.2K tons)
Spices; Turmeric (Curcuma) Exports in Libya
In 2022, spices; turmeric (curcuma) exports from Libya stood at 13 kg, approximately equating 2021 figures. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, spices; turmeric (curcuma) exports amounted to $104 in 2022. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Spices; Turmeric (Curcuma) in Libya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 104 | 104 | 104 | 104 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 104 | 104 | 104 | 104 | 0.0% |
Top Export Markets for Spices; Turmeric (Curcuma) from Libya in 2022:
- Canada (13.0 kg)
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