Potato Market Overview in Libya
In value terms, potato production surged to $ in 2019 estimated in export prices. Overall, production continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Potato production peaked in 2019 and is expected to retain growth in the immediate term.
The average yield of potatoes in Libya declined slightly to tonnes per ha in 2019, approximately mirroring the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by % year-to-year. Over the period under review, the average potato yield hit record highs at tonnes per ha in 2014; however, from 2015 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The potato harvested area in Libya totaled ha in 2019, stabilizing at 2018 figures. The harvested area increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the harvested area increased by % against the previous year. The potato harvested area peaked at ha in 2012; however, from 2013 to 2019, the harvested area failed to regain the momentum.
The value of the potato market in Libya skyrocketed to $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a moderate expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. Potato consumption peaked in 2019 and is expected to retain growth in the immediate term.