
World - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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Global Plantain Imports Reduce but European and American Purchases Ramp Up
IndexBox has just published a new report: 'World - Plantains - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Global plantain imports continue a two-year downward trend, decreasing by -15.1% y-o-y to 958K tonnes in 2020. While El Salvador, the second-largest importer worldwide, reduces the purchases from abroad, American and European imports steadily grow. In physical terms, supplies to the U.S. jumped by +7.6% y-o-y to 406K tonnes. European imports increased by +1.2% y-o-y, reaching 274K tonnes last year. In 2020, the average plantain import price rose slightly by +1.8% y-o-y.
Global Plantain Imports by Country
For the third consecutive year, the global market recorded decline in overseas purchases of plantains, which decreased by -15.1% y-o-y to 958K tonnes in 2020. In value terms, plantain imports declined to $628M (IndexBox estimates) in 2020.
In value terms, the U.S. ($250M) constitutes the largest market for imported plantains worldwide, comprising 40% of global imports. The second position in the ranking was occupied by the Netherlands ($52M), with an 8.3% share of global imports. It was followed by Spain, with a 6.2% share.
The U.S. was the major importing country with an import of about 406K tonnes, which resulted at 42% of total imports. El Salvador (76K tonnes) ranks second in terms of the total imports with a 7.9% share, followed by the UK (5.8%), Spain (5.3%), the Netherlands (5.1%) and Romania (4.5%). The following importers - Italy (39K tonnes), France (35K tonnes), North Macedonia (30K tonnes), Belgium (29K tonnes), Hungary (27K tonnes), Canada (26K tonnes) and Senegal (20K tonnes) - together made up 21% of total imports.
In physical terms, imports into the U.S. increased by +7.6% y-o-y in 2020. At the same time, Belgium (+76.9%), Spain (+68.8%), Italy (+47.6%), France (+30.6%), North Macedonia (+20.2%), Canada (+14.4%) and the UK (+7.3%) displayed positive paces of growth. Belgium emerged as the fastest-growing importer in 2020. By contrast, El Salvador (-1.4%), Romania (-8.0%), the Netherlands (-9.2%), Hungary (-10.9%) and Senegal (-44.0%) illustrated a downward trend over the same period.
European plantain imports grew by +1.2% y-o-y to 274K tonnes in 2020.In value terms, imports in the EU rose by +1.4% y-o-y, reaching $224M in 2020.
In 2020, the average plantain import price amounted to $655 per tonne, picking up by +1.8% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands, while El Salvador was amongst the lowest.
Source: IndexBox Platform
This report provides an in-depth analysis of the global plantain market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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