Raw cane or beet sugar in solid form market in Guinea

Earlier Report Observations

The raw sugar market in Guinea showed volatility from 2018 to 2024. In 2018, market volume reached 36.3 thousand tons with production at 26.2 thousand tons. That year saw the entry of the Moroccan group Cosumar into the local company Comaguis, leading to investments in sugar packaging and the implementation of farmer support programs, including subsidies for new plantations. However, in the following two years, production fell to 23.0 thousand tons in 2019 and 20.0 thousand tons in 2020, while imports surged in 2020 to 23.8 thousand tons, pushing the total market volume to a peak of 43.8 thousand tons.

After 2020, imports dropped to negligible levels, falling to 27 tons in 2022 and 13 tons in 2023. Market volume declined to 20.0 thousand tons in 2022 but partially recovered to 23.0 thousand tons in 2023 due to stabilized production at 23.0 thousand tons. As of 2024, Cosumar's influence remained key, with continued policies of purchase guarantees for farmers and a fund for climate risks, supporting the local sugar sector.

Production raw cane or beet sugar in solid form in Guinea

In kind, 2017-2020, t

Top producers of raw cane or beet sugar in solid form, 2017-2020

World map of production of raw cane or beet sugar in solid form, 2017-2020

Guinea's production of raw cane or beet sugar in solid form has declined for the second year in a row. In 2020, the country produced 20 000 tons, representing a significant 13.0% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 20%, which translates to an average annual decline of 7.2%. The highest production level was recorded in 2018 at 26 208 tons, with the largest year-on-year increase of 4.8% also occurring that year.

Annual dynamics of production in Guinea in kind, 2017-2020, t

Exports raw cane or beet sugar in solid form from Guinea

Exports in kind, t

In 2020, Guinea exported just 1 ton of raw cane or beet sugar in solid form, showing minimal change from 2019. Both the largest decline and increase were recorded in 2019 at 0.0%.

Annual dynamics of product's exports from Guinea in kind, 2017-2020, t

From 2017 to 2020, Guinea's exports of raw cane or beet sugar in solid form were almost entirely directed to Sierra Leone, which accounted for 100.0% of total exports in volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Guinea in kind, 2017-2020

Exports in value, K $ US

In 2020, Guinea's exports of raw cane or beet sugar in solid form reached 7 000 US dollars, remaining relatively stable compared to 2019. Both the largest decline and increase were recorded in 2019 at 0.0%.

Annual dynamics of product's exports from Guinea in value, 2017-2020, K $ US

During the 2017–2020 period, Guinea's exports of raw cane or beet sugar in solid form in value terms were highly concentrated on Sierra Leone, which represented 100.0% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Guinea in value, 2017-2020

Imports raw cane or beet sugar in solid form to Guinea

Imports in kind, t

Import volumes showed significant volatility over these years. Imports reached their lowest point in 2017 and peaked in 2020, with a 6 324-fold difference between these two years. In 2020, Guinea imported 23 753 tons of raw cane or beet sugar in solid form, a substantial increase of 203.3% from 2019. The largest decline occurred in 2019 at 22.0%, while the most dramatic increase was recorded in 2018 at 267 387.0%.

Annual dynamics of product's imports to Guinea in kind, 2017-2020, t

From 2017 to 2020, Brazil dominated Guinea's imports of raw cane or beet sugar in solid form in volume, accounting for 99.9% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Guinea in kind, 2017-2020

Imports in value, K $ US

The import data reveals irregular fluctuations, pointing to a volatile market environment. The value of imports varied dramatically, with a 1 099-fold difference between the minimum in 2017 and the maximum in 2020. In 2020, Guinea's imports of raw cane or beet sugar in solid form totaled 7 214 000 US dollars, marking a sharp increase of 200.5% from the previous year. The largest decline was recorded in 2019 at 23.3%, while the most significant increase occurred in 2018 at 47 599.0%.

Annual dynamics of product's imports to Guinea in value, 2017-2020, K $ US

Throughout the 2017–2020 period, Guinea's imports of raw cane or beet sugar in solid form in value terms remained heavily focused on Brazil, which represented 99.6% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Guinea in value, 2017-2020