Madagascar: Sugar Cane Market 2020

Sugar Cane Market Size in Madagascar

The revenue of the sugar cane market in Madagascar amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, the total market indicated a resilient expansion from 2007 to 2018: its value 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. Based on 2018 figures, sugar cane consumption increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, the sugar cane market reached its maximum level in 2018 and is likely to continue its growth in the immediate term.

Sugar Cane Production in Madagascar

In value terms, sugar cane production amounted to $X in 2018 estimated in export prices. In general, sugar cane production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when production volume increased by X% against the previous year. Over the period under review, sugar cane production reached its maximum level in 2018 and is likely to continue its growth in the immediate term.

In 2018, the average yield of sugar cane in Madagascar totaled X ton per ha, approximately mirroring the previous year. In general, the sugar cane yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the sugar cane yield attained its peak figure level at X ton per ha in 2012; however, from 2013 to 2018, 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 2018, approx. X ha of sugar cane were harvested in Madagascar; going up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat 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. The global sugar cane harvested area peaked in 2018 and is expected to retain its growth in the near future.

Sugar Cane Exports

Exports by Country

Myanmar represented the main exporter of sugar cane in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. It was distantly followed by Lao People's Democratic Republic (X tons), comprising 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. Myanmar (+X p.p.) significantly strengthened its position in terms of the global exports, while Lao People's Democratic Republic saw its share reduced by -X% from 2007 to 2018, respectively.

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

In Lao People's Democratic Republic, sugar cane exports increased at an average annual rate of +X% over the period from 2007-2018.

Export Prices by Country

In 2018, the sugar cane export price in Madagascar amounted to $X per ton, approximately mirroring the previous year. Overall, 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 largest importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), committing a X% share of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2018. 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. From 2007 to 2018, the share of Lao People's Democratic Republic increased by +X% percentage points, while China (-X p.p.) saw their share reduced.

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

In China, sugar cane imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (-X% per year) and Madagascar (X% per year).

Import Prices by Country

The sugar cane import price in Madagascar stood at $X per ton in 2018, stabilizing 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