Benin: Sweet Potato Market 2020

Sweet Potato Market Size in Benin

The revenue of the sweet potato market in Benin amounted to $X in 2018, stabilizing at the previous year. Over the period under review, sweet potato consumption continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. Benin sweet potato consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Sweet Potato Production in Benin

In value terms, sweet potato production stood at $X in 2018 estimated in export prices. Over the period under review, sweet potato production continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Benin sweet potato production peaked at $X in 2010; however, from 2011 to 2018, production stood at a somewhat lower figure.

Average yield of sweet potato in Benin stood at X ton per ha in 2018, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 when yield increased by X% year-to-year. Over the period under review, the sweet potato yield reached its peak figure level in 2018 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of sweet potato in Benin amounted to X ha, coming down by -X% against the previous year. Over the period under review, the sweet potato harvested area continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2010 when harvested area increased by X% year-to-year. In that year, the sweet potato harvested area attained its peak level of X ha. From 2011 to 2018, the growth of the sweet potato harvested area failed to regain its momentum.

Sweet Potato Exports

Exports from Benin

Sweet potato exports from Benin amounted to X kg in 2018, coming down by -X% against the previous year. In general, sweet potato exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. In that year, sweet potato exports reached their peak of X tons. From 2013 to 2018, the growth of sweet potato exports remained at a lower figure.

In value terms, sweet potato exports amounted to $X in 2018. In general, sweet potato exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. In that year, sweet potato exports reached their peak of $X. From 2013 to 2018, the growth of sweet potato exports failed to regain its momentum.

Exports by Country

In 2018, the U.S. (X tons) was the main exporter of sweet potato, comprising X% of total exports. It was distantly followed by the Netherlands (X tons), China (X tons), Egypt (X tons) and Spain (X tons), together making up a X% share of total exports. The following exporters - Honduras (X tons), Vietnam (X tons), Lao People's Democratic Republic (X tons) and the UK (X tons) - together made up X% of total exports.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Spain (+X%), Lao People's Democratic Republic (+X%), the UK (+X%), Egypt (+X%), Honduras (+X%), Vietnam (+X%) and China (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of the U.S., the Netherlands, Spain, Egypt, China, Honduras, Lao People's Democratic Republic, the UK and Vietnam increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sweet potato markets from Benin were the U.S. ($X), the Netherlands ($X) and Spain ($X), together accounting for X% of total exports.

Among the main exporting countries, Spain experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The sweet potato export price in Benin stood at $X per ton in 2018, approximately equating the previous year. In general, the sweet potato export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by X% y-o-y. In that year, the export prices for sweet potato reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the export prices for sweet potato failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Vietnam ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Sweet Potato Imports

Imports by Country

The UK (X tons) and the Netherlands (X tons) represented the largest importers of sweet potato in 2018, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Canada (X tons), France (X tons), Belgium (X tons) and Germany (X tons), together achieving a X% share of total imports. The following importers - Thailand (X tons), Japan (X tons), the U.S. (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by France, Germany, Belgium, Japan, the U.S., Thailand and Malaysia, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sweet potato import price in Benin amounted to $X per ton, stabilizing at the previous year. Overall, the sweet potato import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for sweet potato attained their peak figure at $X per ton in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform