Groundnuts Market in Libya
In value terms, groundnuts production declined slightly to $ in estimated in export price. In general, production recorded a perceptible decrease. The most prominent rate of growth was recorded in 2008 with an increase of %. As a result, production reached the peak level of $. From 2009 to , production growth remained at a lower figure.
In , the average yield of ground-nut (in-shell) in Libya contracted to tons per ha, approximately reflecting the previous year's figure. Over the period under review, the yield saw a slight reduction. The pace of growth was the most pronounced in 2009 with an increase of %. As a result, the yield attained the peak level of tons per ha. From 2010 to , the growth of the average groundnuts yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of ground-nut (in-shell) were harvested in Libya; therefore, remained relatively stable against . In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of %. Over the period under review, the harvested area dedicated to groundnuts production attained the maximum at ha in 2008; however, from 2009 to , the harvested area failed to regain momentum.
The size of the groundnuts market in Libya shrank slightly to $ in , remaining stable 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). Over the period under review, consumption showed a noticeable slump. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market failed to regain momentum.