From 2014 to 2023, the cassava market volume in Africa has shown moderate annual variations. By 2023, the market stood at 76.62 million metric tons, reflecting a 0.6% increase from the previous year and showcasing a relatively stable historical trend. Despite fluctuations such as a significant 9.89% rise in 2018 and a dip of 3.01% in 2017, the market has generally experienced cumulative growth. Over the last five years, the Compound Annual Growth Rate (CAGR) was 0.13%, signaling steady, if slow, expansion.
Future trends to monitor include:
- Technological advancements in cassava cultivation and processing.
- Impact of climate change on cassava yields and sustainability.
- Shifts in global demand and supply chain disruptions.
- Government policies and investments in agricultural sectors.
The forecasted CAGR of 0.44% until 2028 suggests continuous but cautious growth, highlighting the importance of innovation and market adaptability to sustain this trajectory.
