ECOWAS - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingECOWAS: Sugar Beet Market 2024
Sugar Beet Market Size in ECOWAS
The ECOWAS sugar beet market declined to $X in 2022, shrinking by X% against the previous year. In general, consumption posted a remarkable increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.
Sugar Beet Production in ECOWAS
In value terms, sugar beet production dropped to $X in 2022 estimated in export price. In general, production enjoyed a notable increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.
Mali (X tons) remains the largest sugar beet producing country in ECOWAS, accounting for X% of total volume. Moreover, sugar beet production in Mali exceeded the figures recorded by the second-largest producer, Nigeria (X tons), more than tenfold.
In Mali, sugar beet production increased at an average annual rate of X% over the period from 2012-2022.
The average sugar beet yield stood at X tons per ha in 2022, increasing by X% against 2021. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X%. Over the period under review, the sugar beet yield attained the peak level in 2022 and is likely to continue 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 2022, the harvested area of sugar beet in ECOWAS reached X ha, stabilizing at the previous year. Over the period under review, the harvested area saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the sugar beet harvested area remained at a lower figure.
Sugar Beet Exports
Exports in ECOWAS
In 2022, overseas shipments of sugar beet increased by X% to X tons, rising for the third year in a row after six years of decline. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.
In value terms, sugar beet exports expanded markedly to $X in 2022. Overall, exports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.
Exports by Country
Niger prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Nigeria (X kg) followed a long way behind the leaders.
Niger experienced a relatively flat trend pattern with regard to volume of exports of sugar beet. Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points.
In value terms, Niger ($X) remains the largest sugar beet supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value in Niger was relatively modest.
Export Prices by Country
In 2022, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a mild reduction. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Niger amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).
Sugar Beet Imports
Imports in ECOWAS
In 2022, the amount of sugar beet imported in ECOWAS shrank notably to X tons, with a decrease of X% on the previous year. Over the period under review, imports, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.
In value terms, sugar beet imports fell rapidly to $X in 2022. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced rapidly in the following year.
Imports by Country
Senegal was the major importing country with an import of about X tons, which amounted to X% of total imports. Cote d'Ivoire (X kg) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Gambia (X%), Benin (X%), Liberia (X%) and Cabo Verde (X%).
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Liberia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported sugar beet in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Gambia, with a X% share.
From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Gambia (X% per year).
Import Prices by Country
In 2022, the import price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded mild growth. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sugar beet market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 157 - Sugar beet
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ECOWAS, split by region and country
- Trade (exports and imports) in ECOWAS
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
Recommended reports
This report provides an in-depth analysis of the sugar beet market in Asia.
This report provides an in-depth analysis of the sugar beet market in the U.S..
This report provides an in-depth analysis of the sugar beet market in China.
This report provides an in-depth analysis of the sugar beet market in the EU.
This report provides an in-depth analysis of the global sugar beet market.