ECOWAS: Sugar Cane Market 2024

Sugar Cane Market Size in ECOWAS

The ECOWAS sugar cane market expanded modestly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Cane Production in ECOWAS

In value terms, sugar cane production rose significantly to $X in 2022 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level 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 accounting for 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 cane yield reduced to X tons per ha in 2022, remaining constant against the previous year's figure. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the sugar cane yield attained the peak level at X tons per ha in 2021, and then dropped slightly 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 cane production in ECOWAS reached X ha, almost unchanged from the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sugar cane production reached the maximum in 2022 and is expected to retain growth in years to come.

Sugar Cane Exports

Exports in ECOWAS

In 2022, overseas shipments of sugar cane decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded 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 somewhat lower figure.

In value terms, sugar cane exports contracted to $X in 2022. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Niger dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Nigeria (X tons) held a minor share of total exports.

Niger was also the fastest-growing in terms of the sugar cane exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Niger (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sugar cane supplying countries in ECOWAS were Nigeria ($X) and Niger ($X).

In terms of the main exporting countries, Niger, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a precipitous slump. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a 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 Niger (X%).

Sugar Cane Imports

Imports in ECOWAS

In 2022, overseas purchases of sugar cane were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar cane imports contracted modestly to $X in 2022. Overall, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. Niger (X tons) and Cote d'Ivoire (X tons) held a little share of total imports.

Nigeria was also the fastest-growing in terms of the sugar cane imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Niger (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Cote d'Ivoire increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported sugar cane in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports.

In Nigeria, sugar cane imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Niger (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Niger ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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