Eritrea: Cereals Market 2020

Cereals Market Size in Eritrea

The revenue of the cereals market in Eritrea amounted to $X in 2018, shrinking by -X% against the previous year. Overall, cereals consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. In that year, the cereals market reached its peak level of $X. From 2012 to 2018, the growth of the cereals market remained at a lower figure.

Cereals Production in Eritrea

In value terms, cereals production amounted to $X in 2018 estimated in export prices. Over the period under review, cereals production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Eritrea cereals production peaked at $X in 2017, and then declined slightly in the following year.

Average yield of cereals in Eritrea amounted to X kg per ha in 2018, declining by -X% against the previous year. Over the period under review, the yield indicated a noticeable increase from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when yield increased by X% against the previous year. The global cereals yield peaked at X kg per ha in 2012; however, from 2013 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cereals were harvested in Eritrea; lowering by -X% against the previous year. In general, the cereals harvested area continues to indicate a mild descent. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to cereals production attained its maximum at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Cereals Exports

Exports from Eritrea

Cereals exports from Eritrea amounted to X kg in 2018, waning by -X% against the previous year. Overall, cereals exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2011 with a decrease of -X% year-to-year. Eritrea exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, cereals exports stood at $X in 2018. In general, cereals exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Eritrea exports peaked at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, the U.S. (X tons) represented the main exporter of cereals, committing X% of total exports. It was distantly followed by Argentina (X tons), Ukraine (X tons), Brazil (X tons), France (X tons), Australia (X tons), Russia (X tons) and Canada (X tons), together comprising a X% share of total exports. Romania (X tons), Germany (X tons), Hungary (X tons) and Kazakhstan (X tons) occupied a little share of total exports.

The U.S. experienced a relatively flat trend pattern of cereals exports. At the same time, Ukraine (+X%), Romania (+X%), Brazil (+X%), Australia (+X%), Argentina (+X%), Russia (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France, Hungary and Kazakhstan experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Ukraine, Brazil, Australia, Argentina, Romania and Russia increased by +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 U.S. ($X) remains the largest cereals supplier from Eritrea, comprising X% of global exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the cereals export price in Eritrea amounted to $X per ton, declining by -X% against the previous year. Overall, the cereals export price, however, continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Eritrea export price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced mixed trends in the export price figures.

Cereals Imports

Imports into Eritrea

In 2018, approx. X tons of cereals were imported into Eritrea; increasing by X% against the previous year. Overall, cereals imports, however, continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, cereals imports reached their peak of X tons. From 2012 to 2018, the growth of cereals imports remained at a lower figure.

In value terms, cereals imports amounted to $X in 2018. Over the period under review, cereals imports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Eritrea imports peaked at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

Japan (X tons), Mexico (X tons), Egypt (X tons), Spain (X tons), Vietnam (X tons), South Korea (X tons), Indonesia (X tons), Italy (X tons), Algeria (X tons), China (X tons), the Netherlands (X tons) and Bangladesh (X tons) represented roughly X% of total imports of cereals in 2018.

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

In value terms, the largest cereals importing markets into Eritrea were Mexico ($X), Japan ($X) and Egypt ($X), together comprising X% of total imports. Italy, Spain, South Korea, Vietnam, Indonesia, Algeria, the Netherlands, China, Bangladesh and Eritrea lagged somewhat behind, together accounting for a further X the main importing countries, Vietnam recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The cereals import price in Eritrea stood at $X per ton in 2018, approximately mirroring the previous year. Over the period under review, the cereals import price continues to indicate a slight reduction. The growth pace was the most rapid in 2010 when the import price increased by X% year-to-year. In that year, the import prices for cereals attained their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for cereals remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Italy ($X per ton) and the Netherlands ($X per ton), while Bangladesh ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform