Equatorial Guinea: Sweet Potato Market 2020

Sweet Potato Market Size in Equatorial Guinea

The revenue of the sweet potato market in Equatorial Guinea amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Equatorial Guinea sweet potato consumption peaked in 2018 and is expected to retain its growth in the near future.

Sweet Potato Production in Equatorial Guinea

In value terms, sweet potato production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2011 when production volume increased by X% against the previous year. Equatorial Guinea sweet potato production peaked in 2018 and is likely to see steady growth in the immediate term.

Average yield of sweet potato in Equatorial Guinea stood at X ton per ha in 2018, surging by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when yield increased by X% against the previous year. The global sweet potato yield peaked in 2018 and is likely to continue 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, the total area harvested in terms of sweet potato production in Equatorial Guinea amounted to X ha, approximately equating the previous year. Overall, the sweet potato harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to sweet potato production attained its maximum at X ha in 2014; however, from 2015 to 2018, harvested area remained at a lower figure.

Sweet Potato Exports

Exports from Equatorial Guinea

In 2018, the amount of sweet potato exported from Equatorial Guinea amounted to X kg, growing by X% against the previous year. Overall, sweet potato exports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, sweet potato exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, sweet potato exports totaled $X in 2018. Overall, sweet potato exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Equatorial Guinea exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

The U.S. was the largest exporter of sweet potato in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2018. It was distantly followed by the Netherlands (X tons), China (X tons), Egypt (X tons) and Spain (X tons), together comprising a X% share of total exports. The following exporters - Honduras (X tons), Vietnam (X tons), Lao People's Democratic Republic (X tons) and the UK (X tons) - together made up X% of total exports.

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 U.S. ($X), the Netherlands ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Spain recorded the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The sweet potato export price in Equatorial Guinea stood at $X per ton in 2018, remaining stable against the previous year. Overall, the sweet potato export price continues to indicate a relatively flat trend pattern. Equatorial Guinea export price peaked at $X per ton in 2007; however, from 2008 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 ($X per ton), while the U.S. ($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 into Equatorial Guinea

In 2018, the amount of sweet potato imported into Equatorial Guinea amounted to X kg, coming down by -X% against the previous year. Overall, sweet potato imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Equatorial Guinea imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, sweet potato imports totaled $X in 2018. Overall, sweet potato imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, sweet potato imports reached their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the UK (X tons) and the Netherlands (X tons) were the main importers of sweet potatoaround the world, together accounting for near X% of total imports. Canada (X tons) ranks next in terms of the total imports with a X% share, followed by France (X%), Belgium (X%) and Germany (X%). 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 Equatorial Guinea were the UK ($X), the Netherlands ($X) and Canada ($X), together comprising X% of total imports. These countries were followed by France, Germany, Belgium, Japan, the U.S., Thailand, Malaysia and Equatorial Guinea, which together accounted for a further X recorded the highest growth rate of 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

The sweet potato import price in Equatorial Guinea stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the sweet potato import price continues to indicate notable growth. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. Over the period under review, the import prices for sweet potato attained their peak figure at $X per ton in 2016; however, from 2017 to 2018, import prices remained at a 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.

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Source: IndexBox Platform