Somalia: Roots And Tubers Market 2020

Roots And Tubers Market Size in Somalia

The revenue of the roots and tubers market in Somalia amounted to $X in 2018, approximately reflecting 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 consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. In that year, the roots and tubers market reached its peak level of $X, leveling off in the following year.

Roots And Tubers Production in Somalia

In value terms, roots and tubers 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. In that year, roots and tubers production reached its peak level of $X, leveling off in the following year.

Average yield of roots and tubers in Somalia amounted to X ton per ha in 2018, remaining constant against the previous year. Over the period under review, the roots and tubers yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, the roots and tubers yield reached its peak level of X ton per ha. From 2013 to 2018, the growth of the roots and tubers yield failed to regain its momentum. 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 roots and tubers production in Somalia stood at X ha, approximately mirroring the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2009 when harvested area increased by X% year-to-year. The global roots and tubers harvested area peaked in 2018 and is likely to continue its growth in the immediate term.

Roots And Tubers Exports

Exports from Somalia

In 2018, the roots and tubers exports from Somalia totaled X kg, standing approx. at the previous year. In general, roots and tubers exports continue to indicate a relatively flat trend pattern. Somalia exports peaked at X kg in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, roots and tubers exports totaled $X in 2018. Overall, roots and tubers exports continue to indicate a relatively flat trend pattern. Somalia exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Thailand was the key exporter of roots and tubers in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2018. Cambodia (X tons) ranks second in terms of the total exports with a X% share, followed by the U.S. (X%). Vietnam (X tons), Lao People's Democratic Republic (X tons), China (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to roots and tubers exports from Thailand stood at +X%. At the same time, Cambodia (+X%), Lao People's Democratic Republic (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Vietnam (-X%), Costa Rica (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Thailand, Cambodia, the U.S. and Lao People's Democratic Republic increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Thailand, roots and tubers exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The roots and tubers export price in Somalia stood at $X per ton in 2018, flattening at the previous year. Over the period under review, the roots and tubers export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for roots and tubers reached their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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.

Roots And Tubers Imports

Imports into Somalia

In 2018, approx. X tons of roots and tubers were imported into Somalia; reducing by -X% against the previous year. Over the period under review, roots and tubers imports continue to indicate an abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, roots and tubers imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, roots and tubers imports stood at $X in 2018. Overall, roots and tubers imports continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. In that year, roots and tubers imports reached their peak of $X. From 2014 to 2018, the growth of roots and tubers imports remained at a lower figure.

Imports by Country

China prevails in roots and tubers imports structure, finishing at X tons, which was approx. X% of total imports in 2018. The following importers - the U.S. (X tons), the UK (X tons) and South Korea (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the roots and tubers imports, with a CAGR of +X% from 2007 to 2018. At the same time, the UK (+X%) and the U.S. (+X%) displayed positive paces of growth. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported roots and tubers into Somalia, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In China, roots and tubers imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the roots and tubers import price in Somalia amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price indicated a mild increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, roots and tubers import price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. In that year, the import prices for roots and tubers attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for roots and tubers remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per ton), while South Korea ($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 a decline in the import price figures.

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Source: IndexBox Platform