Senegal - Country Commercial Guide
Agricultural Sector

This is a best prospect industry sector for this country.  Includes a market overview and trade data.

Last published date: 2020-10-08

Overview

Agriculture is an important barometer of the economy, accounting for about 15 percent of GDP and occupying about 77 percent of the workforce.  Despite agriculture’s importance, Senegal lies within the drought-prone Sahel region, with irregular rainfall and generally poor soils. As a result, Senegal relies on imports to meet approximately 70 percent of its food needs.  Top agricultural imports in Senegal are rice, wheat, corn, onions, palm oil, sugar, and potatoes.  Sauces, mixed condiments, seasonings, and beef and beef products may have export growth potential for U.S. suppliers interested in the Senegalese market.

President Macky Sall’s economic program focuses on agriculture as an engine for development and plans to invest $4 billion in agriculture.  The agricultural plan calls for massive investments in irrigation and rural roads, access to finance through the creation of a Guarantee Fund, the construction of storage facilities, the development of the fishing sector, and the creation of an agricultural stock exchange market.  U.S. total exports of agricultural products to Senegal totaled $11 million in 2018.  Leading domestic export categories include soybean oil ($7 million), prepared food ($1 million), sugar, sweeteners, and beverage bases ($919,000), other feeds & fodders ($883,000), and planting seeds ($317,000).  For calendar year 2017, the United States exported $19.5 million of food and agricultural products to Senegal, representing one percent of total global food and agricultural product exports to the Senegalese market.  Bulk and intermediate products currently represent the largest share of U.S. agricultural exports to Senegal, accounting for 89 percent in 2017.

Leading Sub-Sectors

  • Senegal has growing demand for tractors, farming equipment, expanded irrigation systems, post-harvest handling systems, storage, and silo facilities.
  • Increased commodity output should also stimulate demand for processing technology or innovation and growth in the packaging industry.  There are plans for a cereal (import oriented) and fruit (export oriented) terminal and associated warehousing facilities in the Port of Dakar.

Opportunities

Investment opportunities in the agricultural sector can be viewed at http://www.afdb.org/en/projects-operations/project-portfolio/1/

Resources

West Africa Trade Hub:  https://westafricatradehub.com/