Western Africa: Sugar Crop Market 2024

Sugar Crop Market Size in Western Africa

In 2022, the West African sugar crop market was finally on the rise to reach $X after two years of decline. In general, consumption saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Western Africa

In value terms, sugar crop production expanded significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Cote d'Ivoire (X tons), Nigeria (X tons) and Senegal (X tons), together comprising X% of total production. Mali, Niger, Burkina Faso and Guinea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Niger (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average sugar crop yield shrank to X tons per ha in 2022, therefore, remained relatively stable against 2021 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the sugar crop yield attained the maximum level at X tons per ha in 2021, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar crops production in Western Africa amounted to X ha, leveling off at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. The level of harvested area peaked in 2022 and is expected to retain growth in the near future.

Sugar Crop Exports

Exports in Western Africa

In 2022, approx. X tons of sugar crops were exported in Western Africa; which is down by X% against 2021. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, sugar crop exports contracted dramatically to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Niger represented the main exporter of sugar crops in Western Africa, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X tons), creating a X% share of total exports. Ghana (X tons) and Guinea (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sugar crop exports from Niger stood at X%. At the same time, Guinea (X%), Nigeria (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana and Niger saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest sugar crop supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports. It was followed by Ghana, with an X% share.

In Nigeria, sugar crop exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Sugar Crop Imports

Imports in Western Africa

In 2022, overseas purchases of sugar crops increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sugar crop imports skyrocketed to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the largest importing country with an import of about X tons, which accounted for X% of total imports. Mauritania (X tons) took the second position in the ranking, followed by Cabo Verde (X tons) and Benin (X tons). All these countries together held near X% share of total imports. The following importers - Niger (X tons) and Cote d'Ivoire (X tons) - each reached a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritania (X%), Cabo Verde (X%), Benin (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Niger (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Mauritania, Cabo Verde and Benin increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported sugar crops in Western Africa, comprising X% of total imports. The second position in the ranking was held by Benin ($X), with a X% share of total imports. It was followed by Mauritania, with an X% share.

In Nigeria, sugar crop imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Benin (X% per year) and Mauritania (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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