Sierra Leone: Sweet Potato Market 2020

Sweet Potato Market Size in Sierra Leone

The revenue of the sweet potato market in Sierra Leone amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, sweet potato consumption continues to indicate remarkable growth. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Sierra Leone sweet potato consumption peaked in 2018 and is likely to see steady growth in the near future.

Sweet Potato Production in Sierra Leone

In value terms, sweet potato production stood at $X in 2018 estimated in export prices. Over the period under review, sweet potato production continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Sierra Leone sweet potato production peaked in 2018 and is likely to see steady growth in the near future.

Average yield of sweet potato in Sierra Leone totaled X ton per ha in 2018, increasing by X% against the previous year. The yield figure 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 2009 when yield increased by X% year-to-year. The global sweet potato yield peaked at X ton per ha in 2011; however, from 2012 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.

Sweet potato harvested area in Sierra Leone stood at X ha in 2018, surging by X% against the previous year. Over the period under review, the total harvested area indicated resilient growth from 2007 to 2018: its figure 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, sweet potato harvested area increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2013 when harvested area increased by X% y-o-y. In that year, the sweet potato harvested area attained its peak level of X ha. From 2014 to 2018, the growth of the sweet potato harvested area remained at a lower figure.

Sweet Potato Exports

Exports from Sierra Leone

In 2018, the amount of sweet potato exported from Sierra Leone totaled X kg, waning by -X% against the previous year. In general, sweet potato exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, sweet potato exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, sweet potato exports amounted to $X in 2018. In general, sweet potato exports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. In that year, sweet potato exports attained their peak of $X. From 2017 to 2018, the growth of sweet potato exports remained at a lower figure.

Exports by Country

In 2018, the U.S. (X tons) represented the major exporter of sweet potato, mixing up X% of total exports. The Netherlands (X tons) took the second position in the ranking, distantly followed by China (X tons), Egypt (X tons) and Spain (X tons). All these countries together held near X% share of total exports. Honduras (X tons), Vietnam (X tons), Lao People's Democratic Republic (X tons) and the UK (X tons) followed a long way behind the leaders.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Spain (+X%), Lao People's Democratic Republic (+X%), the UK (+X%), Egypt (+X%), Honduras (+X%), Vietnam (+X%) and China (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The U.S. (+X p.p.), the Netherlands (+X p.p.), Spain (+X p.p.), Egypt (+X p.p.), China (+X p.p.), Honduras (+X p.p.), Lao People's Democratic Republic (+X p.p.), the UK (+X p.p.) and Vietnam (+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, the largest sweet potato markets from Sierra Leone were the U.S. ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Spain experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the sweet potato export price in Sierra Leone amounted to $X per ton, surging by X% against the previous year. Overall, the sweet potato export price continues to indicate an extraordinary increase. The growth pace was the most rapid in 2016 when the export price increased by X% y-o-y. Over the period under review, the export prices for sweet potato attained their maximum in 2018 and is likely to see steady growth in the immediate term.

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

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

Sweet Potato Imports

Imports by Country

In 2018, the UK (X tons) and the Netherlands (X tons) were the major importers of sweet potatoin the world, together achieving X% of total imports. It was distantly followed by Canada (X tons), France (X tons), Belgium (X tons) and Germany (X tons), together constituting a X% share of total imports. The following importers - Thailand (X tons), Japan (X tons), the U.S. (X tons) and Malaysia (X tons) - together made up X% of total imports.

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

In value terms, the largest sweet potato importing markets into Sierra Leone were the UK ($X), the Netherlands ($X) and Canada ($X), with a combined X% share of total imports. These countries were followed by France, Germany, Belgium, Japan, the U.S., Thailand and Malaysia, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sweet potato import price in Sierra Leone amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the sweet potato import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for sweet potato attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform