Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Libya - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Libya (CIF) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Libya
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Libya (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $7,244 per ton in 2022, with an increase of 10% against the previous year. Overall, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 78%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($8,073 per ton), while the price for Tunisia ($1,009 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 (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Libya
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into Libya dropped dramatically to 140 tons, with a decrease of -35.7% compared with 2021. In general, imports faced a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses dropped sharply to $1M in 2022. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 106%. As a result, imports attained the peak of $1.4M, and then contracted rapidly in the following year.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 50.5 | 174 | 254 | 378 | 95.6% |
| United Arab Emirates | 633 | 301 | 797 | 87.2 | -48.4% |
| Indonesia | 15.6 | 40.3 | 26.6 | 69.8 | 64.8% |
| Pakistan | N/A | 2.4 | 13.9 | 14.1 | 142.4% |
| Morocco | 1.3 | 2.2 | 14.0 | 5.4 | 60.7% |
| Tunisia | 4.1 | N/A | 2.7 | 3.5 | -5.1% |
| Saudi Arabia | 45.0 | N/A | 9.6 | N/A | -53.8% |
| Others | 56.5 | 174 | 312 | 454 | 100.3% |
| Total | 806 | 693 | 1,430 | 1,011 | 7.8% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Libya in 2022:
- Greece (55.2 tons)
- Indonesia (44.0 tons)
- United Arab Emirates (10.8 tons)
- Pakistan (8.3 tons)
- Tunisia (3.5 tons)
- Morocco (1.8 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
