Frozen Strawberries Price in Libya - 2022
Contents:
Frozen Strawberries Price in Libya (CIF) - 2022
In 2022, the average frozen strawberries import price amounted to $2,043 per ton, rising by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, import price reached the peak level of $2,139 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Egypt.
From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to +0.9% per year.
Frozen Strawberries Imports in Libya
For the fourth consecutive year, Libya recorded growth in purchases abroad of frozen strawberrieses, which increased by 40% to 658 tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.2% 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 +87.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen strawberries imports skyrocketed to $1.3M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Frozen Strawberries in Libya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 662 | 827 | 823 | 873 | 9.7% |
Tunisia | N/A | N/A | 94.1 | N/A | 0% |
Others | 53.4 | 10.5 | N/A | 470 | 106.5% |
Total | 715 | 837 | 917 | 1,343 | 23.4% |
Top Suppliers of Frozen Strawberries to Libya in 2022:
- Egypt (450.6 tons)
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Global frozen fruit trade expanded to $7.1B in 2021.
Global frozen fruit imports continue to grow in physical terms, expanding twofold over the past decade. In 2020, global imports rose by +3% y-o-y to 2.7M tons. In value terms, imports reached $5.8B last year. The U.S. and Germany remain the largest importers of frozen fruits worldwide, with a combined 34%-share of the global figure. The U.S. featured the highest growth rate of imports in physical terms in 2020. The average global frozen fruit import price amounted to $2,121 per ton in 2020, increasing by +8.2% y-o-y.
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