Liberia: Cassava Market 2020

Cassava Market Size in Liberia

The revenue of the cassava market in Liberia amounted to $X in 2018, dropping by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. In that year, the cassava market attained its peak level of $X, and then declined slightly in the following year.

Cassava Production in Liberia

In value terms, cassava production amounted to $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 indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when production volume increased by X% against the previous year. In that year, cassava production attained its peak level of $X, and then declined slightly in the following year.

Average yield of cassava in Liberia amounted to X ton per ha in 2018, jumping 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 somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the cassava yield reached its peak figure level in 2018 and is likely to see steady growth in the near future. 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 cassava production in Liberia amounted to X ha, shrinking by -X% against the previous year. In general, the cassava harvested area continues to indicate a mild descent. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. The global cassava harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Cassava Exports

Exports from Liberia

In 2018, approx. X tons of cassava were exported from Liberia; falling by -X% against the previous year. In general, cassava exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, cassava exports attained their peak figure at X tons in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, cassava exports amounted to $X in 2018. Over the period under review, cassava exports, however, continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Liberia exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Thailand (X tons) represented the main exporter of cassava, making up X% of total exports. It was distantly followed by Cambodia (X tons), making up a X% share of total exports. The following exporters - Vietnam (X tons), Lao People's Democratic Republic (X tons) and Costa Rica (X tons) - together made up X% of total exports.

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2018. At the same time, Lao People's Democratic Republic (+X%) and Cambodia (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Costa Rica experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.), Cambodia (+X p.p.) and Lao People's Democratic Republic (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cassava supplier from Liberia, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Thailand totaled +X%. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2018, the cassava export price in Liberia amounted to $X per ton, surging by X% against the previous year. Overall, the cassava export price continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. Liberia export price peaked in 2018 and is likely to see steady growth in the near future.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced more modest paces of growth.

Cassava Imports

Imports by Country

China prevails in cassava imports structure, accounting for X tons, which was near X% of total imports in 2018. South Korea (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the cassava imports, with a CAGR of +X% from 2007 to 2018. South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global imports, while South Korea saw its share reduced by -X% from 2007 to 2018, respectively.

In value terms, China ($X) constitutes the largest market for imported cassava into Liberia, comprising X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Liberia (X% per year).

Import Prices by Country

In 2018, the cassava import price in Liberia amounted to $X per ton, flattening at the previous year. Over the period under review, the cassava import price continues to indicate a relatively flat trend pattern. Liberia import price peaked in 2018 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while South Korea totaled $X per ton.

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

Source: IndexBox Platform