The cassava market size in Gabon experienced relatively stable fluctuations from 2014 to 2019, with values initially dropping from 152.0 thousand metric tons in 2014 to 148.0 thousand metric tons in 2015, and then gradually rising again. Notably, 2020 saw a significant -5% drop, likely due to the global impacts of the COVID-19 pandemic. By 2021, the market had recovered with a 5.95% increase and stabilized at 155.0 thousand metric tons by 2023. The year-on-year variation in 2023 stood at 0%. Over the last five years, the compound annual growth rate (CAGR) in 2023 was 0.13%.
Looking ahead, forecasts suggest a very modest growth rate for the cassava market, with the volume expected to reach 156.17 thousand metric tons by 2028. The five-year CAGR for this period is projected at 0.11%, indicating steady but slow growth.
Future trends to watch for include potential impacts of climate change on agricultural productivity, advancements in cassava cultivation techniques, and shifts in domestic and international demand that could influence market dynamics in Gabon.
