Senegal: Sugar Cane Market 2020

Sugar Cane Market Size in Senegal

The revenue of the sugar cane market in Senegal amounted to $X in 2018, falling by -X% against the previous year. In general, sugar cane consumption continues to indicate a significant deduction. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the sugar cane market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Sugar Cane Production in Senegal

In value terms, sugar cane production stood at $X in 2018 estimated in export prices. Over the period under review, sugar cane production continues to indicate moderate growth. The pace of growth appeared the most rapid in 2014 when production volume increased by X% year-to-year. In that year, sugar cane production reached its peak level of $X. From 2015 to 2018, sugar cane production growth remained at a lower figure.

In 2018, the average sugar cane yield in Senegal amounted to X ton per ha, remaining constant against the previous year. In general, the sugar cane yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, the sugar cane yield attained its maximum level in 2018 and is expected to retain its 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, approx. X ha of sugar cane were harvested in Senegal; dropping by -X% against the previous year. In general, the sugar cane harvested area continues to indicate a deep decline. The global sugar cane harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Sugar Cane Exports

Exports by Country

Myanmar represented the major exporter of sugar cane in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2018. It was distantly followed by Lao People's Democratic Republic (X tons), constituting 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. While the share of Myanmar (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Lao People's Democratic Republic (-X p.p.) displayed negative dynamics.

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

From 2007 to 2018, the average annual growth rate of value in Lao People's Democratic Republic totaled +X%.

Export Prices by Country

In 2018, the sugar cane export price in Senegal amounted to $X per ton, approximately equating the previous year. Overall, the sugar cane export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar amounted to $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 represented the major importer of sugar cane in the world, with the volume of imports recording X tons, which was approx. X% of total imports in 2018. It was distantly followed by Lao People's Democratic Republic (X tons), making up 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. While the share of Lao People's Democratic Republic (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of China (-X p.p.) displayed negative dynamics.

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

In China, sugar cane imports increased at an average annual rate of +X% over the period from 2007-2018.

Import Prices by Country

The sugar cane import price in Senegal stood at $X per ton in 2018, remaining stable against the previous year. Over the period under review, the sugar cane import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic stood at $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform