Broken Rice Price in Libya - 2022
Contents:
Broken Rice Price in Libya (CIF) - 2022
In 2022, the average broken rice import price amounted to $428 per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 7.4%. The import price peaked at $823 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($440 per ton), while the price for Pakistan amounted to $385 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-4.1%).
Broken Rice Imports in Libya
In 2022, the amount of broken rice imported into Libya stood at 468 tons, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, broken rice imports amounted to $200K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Broken Rice in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 95.1 | 125 | 157 | 161 | 19.2% |
| Pakistan | 30.6 | 36.5 | 42.0 | 39.2 | 8.6% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 126 | 163 | 199 | 200 | 16.7% |
Top Suppliers of Broken Rice to Libya in 2022:
- India (366.1 tons)
- Pakistan (101.8 tons)
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