Colombia - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlantain Price in Colombia - 2022
Contents:
- Plantain Price in Colombia (FOB) - 2022
- Plantain Price in Colombia (CIF) - 2022
- Plantain Exports in Colombia
- Plantain Imports in Colombia
Plantain Price in Colombia (FOB) - 2022
In February 2022, the average plantain export price amounted to $619 per ton, stabilizing at the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 an increase of 13% m-o-m. The export price peaked at $620 per ton in December 2021; however, from January 2022 to February 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In February 2022, the highest price was recorded for prices to the UK ($715 per ton) and France ($681 per ton), while the average price for exports to the United States ($574 per ton) and Portugal ($577 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plantain Price in Colombia (CIF) - 2022
The average plantain import price stood at $116 per ton in February 2022, surging by 10% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 when the average import price increased by 647% m-o-m. As a result, import price reached the peak level of $848 per ton. From September 2021 to February 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ecuador.
From February 2021 to February 2022, the rate of growth in terms of prices for Ecuador amounted to -0.5% per month.
Plantain Exports in Colombia
After three years of growth, shipments abroad of plantains decreased by less than 0.1% to 147K tons in 2022. The total export volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 24%.
In value terms, plantain exports soared to $94M in 2022. The total export value increased at an average annual rate of +13.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 21%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Plantain in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.4 | 28.8 | 25.5 | 35.5 | 11.8% |
| United Kingdom | 23.4 | 26.1 | 17.9 | 15.4 | -13.0% |
| Netherlands | 2.9 | 3.4 | 10.0 | 13.6 | 67.4% |
| Belgium | 5.2 | 2.2 | 4.9 | 8.2 | 16.4% |
| Spain | 2.2 | 7.5 | 8.6 | 8.0 | 53.8% |
| Portugal | 0.7 | 2.3 | 3.8 | 3.8 | 75.7% |
| France | 0.1 | 2.4 | 5.4 | 3.6 | 230.2% |
| Italy | 2.2 | 2.0 | 2.1 | 3.1 | 12.1% |
| Others | 1.5 | 2.1 | 3.2 | 2.8 | 23.1% |
| Total | 63.6 | 76.9 | 81.5 | 94.0 | 13.9% |
Top Export Markets for Plantain from Colombia in 2022:
- United States (59.5K tons)
- United Kingdom (21.4K tons)
- Netherlands (20.2K tons)
- Belgium (13.5K tons)
- Spain (12.8K tons)
- Portugal (6.5K tons)
- France (4.9K tons)
- Italy (4.6K tons)
Plantain Imports in Colombia
In 2022, after two years of decline, there was significant growth in purchases abroad of plantains, when their volume increased by 285% to 25K tons. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plantain imports surged to $2.9M in 2022. In general, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plantain in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 1.7 | 1.4 | 0.8 | 2.9 | 19.5% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 1.7 | 1.4 | 0.8 | 2.9 | 19.5% |
Top Suppliers of Plantain to Colombia in 2022:
- Ecuador (24.5K tons)
This report provides an in-depth analysis of the plantain market in Colombia. 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.
Product coverage:
- FCL 489 - Plantains
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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