Senegal: Rice Market 2020

Rice Exports

Exports from Senegal

In 2018, the exports of rice from Senegal stood at X tons, jumping by X% against the previous year. Over the period under review, the total exports indicated noticeable growth from 2007 to 2018: its volume 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, rice exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, rice exports stood at $X in 2018. Over the period under review, the total exports indicated remarkable growth 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, rice exports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, rice exports attained their peak of $X. From 2012 to 2018, the growth of rice exports remained at a somewhat lower figure.

Exports by Country

Mali (X tons) was the main destination for rice exports from Senegal, accounting for a X% share of total exports. Moreover, rice exports to Mali exceeded the volume sent to the second major destination, Mauritania (X tons), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Mali stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+X% per year) and Guinea-Bissau (-X% per year).

In value terms, Mali ($X) remains the key foreign market for rice exports from Senegal, comprising X% of total rice exports. The second position in the ranking was occupied by Mauritania ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Mali stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+X% per year) and Guinea-Bissau (-X% per year).

Export Prices by Country

In 2018, the average rice export price amounted to $X per ton, going up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2018, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Mali, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Senegal

In 2018, the amount of rice imported into Senegal amounted to X tons, picking up by X% against the previous year. Overall, the total imports indicated slight growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, rice imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, rice imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, rice imports totaled $X in 2018. The total import value 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 2017 when imports increased by X% against the previous year. Over the period under review, rice imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, India (X tons) constituted the largest supplier of rice to Senegal, with a X% share of total imports. Moreover, rice imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Brazil (+X% per year).

In value terms, India ($X) constituted the largest supplier of rice to Senegal, comprising X% of total rice imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual growth rate of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Brazil (+X% per year).

Import Prices by Country

The average rice import price stood at $X per ton in 2018, going up by X% against the previous year. Overall, the rice import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, the average import prices for rice attained their maximum at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the countries with the highest prices were Brazil ($X per ton) and Pakistan ($X per ton), while the price for the U.S. ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform