Sao Tome and Principe: Cassava Market 2020

Cassava Market Size in Sao Tome and Principe

The revenue of the cassava market in Sao Tome and Principe amounted to $X in 2018, coming down by -X% against the previous year. In general, cassava consumption continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. In that year, the cassava market attained its peak level of $X. From 2010 to 2018, the growth of the cassava market remained at a somewhat lower figure.

Cassava Production in Sao Tome and Principe

In value terms, cassava production amounted to $X in 2018 estimated in export prices. Overall, cassava production continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. In that year, cassava production attained its peak level of $X. From 2010 to 2018, cassava production growth remained at a somewhat lower figure.

Average yield of cassava in Sao Tome and Principe amounted to X ton per ha in 2018, dropping by -X% against the previous year. In general, the cassava yield continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2011 when yield increased by X% against the previous year. The global cassava yield peaked at X ton per ha in 2007; however, from 2008 to 2018, yield stood 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.

In 2018, approx. X ha of cassava were harvested in Sao Tome and Principe; dropping by -X% against the previous year. In general, the cassava harvested area continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, the cassava harvested area attained its peak level of X ha. From 2009 to 2018, the growth of the cassava harvested area remained at a lower figure.

Cassava Exports

Exports by Country

Thailand was the main exporter of cassava in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. It was distantly followed by Cambodia (X tons), generating a X% share of total exports. The following exporters - Vietnam (X tons), Lao People's Democratic Republic (X tons) and Costa Rica (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to cassava exports from Thailand stood at +X%. At the same time, Lao People's Democratic Republic (+X%) and Cambodia (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Costa Rica experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.), Cambodia (+X p.p.) and Lao People's Democratic Republic (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cassava supplier from Sao Tome and Principe, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In Thailand, cassava exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The cassava export price in Sao Tome and Principe stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. In general, the cassava export price continues to indicate a relatively flat trend pattern. Sao Tome and Principe export price peaked at $X per ton in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced more modest paces of growth.

Cassava Imports

Imports by Country

China dominates cassava imports structure, accounting for X tons, which was near X% of total imports in 2018. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cassava imports, with a CAGR of +X% from 2007 to 2018. South Korea (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of South Korea (-X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported cassava into Sao Tome and Principe, comprising X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%.

Import Prices by Country

The cassava import price in Sao Tome and Principe stood at $X per ton in 2018, remaining relatively unchanged against the previous year. In general, the cassava import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for cassava attained their peak figure at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while South Korea 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