Sweet Potato Market Overview in Lao People's Democratic Republic
In value terms, sweet potato production dropped to $ in estimated in export prices. Over the period under review, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, production reached the peak level at $ in 2016; however, from 2017 to , production stood at a somewhat lower figure.
In , the average sweet potato yield in Lao People's Democratic Republic expanded significantly to tonnes per ha, with an increase of % against 2019. Overall, the yield indicated a moderate increase from 2007 to : its figure increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, sweet potato yield increased by +% against 2017 indices. The growth pace was the most rapid in 2015 when the yield increased by % against the previous year. The sweet potato yield peaked at tonnes per ha in 2009; however, from 2010 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of sweet potato were harvested in Lao People's Democratic Republic; declining by -% against the previous year's figure. Overall, the harvested area continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Over the period under review, the harvested area dedicated to sweet potato production reached the peak figure at ha in 2007; however, from 2008 to , the harvested area remained at a lower figure.
The value of the sweet potato market in Lao People's Democratic Republic fell to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a pronounced expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by % against the previous year. Sweet potato consumption peaked at $ in 2016; however, from 2017 to , consumption failed to regain the momentum.