Benin: Sugar Cane Market 2020

Sugar Cane Market Size in Benin

The revenue of the sugar cane market in Benin amounted to $X in 2018, coming down by -X% against the previous year. Over the period under review, sugar cane consumption continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Benin sugar cane consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Sugar Cane Production in Benin

In value terms, sugar cane production totaled $X in 2018 estimated in export prices. Overall, sugar cane production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, sugar cane production attained its peak level of $X. From 2015 to 2018, sugar cane production growth remained at a lower figure.

Average yield of sugar cane in Benin totaled X ton per ha in 2018, falling by -X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. In that year, the sugar cane yield attained its peak level of X ton per ha. From 2010 to 2018, the growth of the sugar cane yield remained 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.

Sugar cane harvested area in Benin totaled X ha in 2018, reducing by -X% against the previous year. Overall, the sugar cane harvested area continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2008 when harvested area increased by X% year-to-year. In that year, the sugar cane harvested area reached its peak level of X ha. From 2009 to 2018, the growth of the sugar cane harvested area remained at a lower figure.

Sugar Cane Exports

Exports by Country

In 2018, Myanmar (X tons) was the key exporter of sugar cane, constituting X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons), creating a X% share of total exports.

Myanmar was also the fastest-growing in terms of the sugar cane exports, with a CAGR of +X% from 2007 to 2018. Lao People's Democratic Republic experienced a relatively flat trend pattern. While the share of Myanmar (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Lao People's Democratic Republic (-X p.p.) displayed negative dynamics.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar cane supplier from Benin, comprising X% of global exports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of global exports.

From 2007 to 2018, the average annual growth rate of value in Lao People's Democratic Republic amounted to +X%.

Export Prices by Country

The sugar cane export price in Benin stood at $X per ton in 2018, remaining constant against the previous year. In general, the sugar cane export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar stood at $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+X% per year).

Sugar Cane Imports

Imports by Country

China was the major importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), constituting a X% share of total imports.

From 2007 to 2018, average annual rates of growth with regard to sugar cane imports into China stood at -X%. At the same time, Lao People's Democratic Republic (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Lao People's Democratic Republic (+X p.p.) significantly strengthened its position in terms of the global imports, while China saw its share reduced by -X% from 2007 to 2018, respectively.

In value terms, China ($X) constitutes the largest market for imported sugar cane into Benin, comprising X% of global imports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of global imports.

In China, sugar cane imports increased at an average annual rate of +X% over the period from 2007-2018.

Import Prices by Country

In 2018, the sugar cane import price in Benin amounted to $X per ton, standing approx. at the previous year. Over the period under review, the sugar cane import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Lao People's Democratic Republic amounted to $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform