Report Update: Apr 1, 2024

Italy - Plantains - Market Analysis, Forecast, Size, Trends and Insights

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Plantain Price in Italy - 2023

Plantain Price in Italy (CIF) - 2023

The average plantain import price stood at $1,157 per ton in October 2023, picking up by 16% against the previous month. Over the period under review, import price indicated a noticeable increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, plantain import price decreased by -14.7% against August 2023 indices. The pace of growth was the most pronounced in August 2023 an increase of 35% m-o-m. As a result, import price reached the peak level of $1,356 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Ecuador ($1,182 per ton), while the price for Colombia totaled $1,142 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ecuador (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Plantain Price in Italy (FOB) - 2023

The average plantain export price stood at $1,034 per ton in August 2023, declining by -8% against the previous month. Over the period under review, export price indicated a slight expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, plantain export price decreased by -22.6% against May 2023 indices. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 44% month-to-month. Over the period under review, the average export prices hit record highs at $1,363 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Croatia ($1,730 per ton), while the average price for exports to Austria ($623 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plantain Imports in Italy

For the fourth consecutive year, Italy recorded growth in purchases abroad of plantains, which increased by 1.5% to 43K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, plantain imports reached $34M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Plantain in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	10.0	18.8	18.6	22.4	30.8%
Colombia	1.5	2.4	2.5	3.3	30.1%
Ecuador	3.9	2.8	3.0	2.7	-11.5%
Belgium	0.8	1.0	1.6	1.6	26.0%
Netherlands	2.2	2.0	2.2	1.2	-18.3%
Others	1.4	1.8	3.5	3.2	31.7%
Total	19.9	28.9	31.4	34.3	19.9%

Top Suppliers of Plantain to Italy in 2022:

France (31.8K tons)
Colombia (4.1K tons)
Ecuador (3.4K tons)
Belgium (1.4K tons)
Netherlands (1.2K tons)

Plantain Exports in Italy

In 2022, approx. 2.4K tons of plantains were exported from Italy; shrinking by -43.6% on 2021. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. As a result, the exports reached the peak of 4.3K tons, and then dropped markedly in the following year.

In value terms, plantain exports contracted significantly to $2.4M in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. As a result, the exports attained the peak of $4.1M, and then contracted notably in the following year.

Export of Plantain in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	976	125	717	429	-24.0%
France	260	607	846	426	17.9%
Romania	124	N/A	11.5	377	44.9%
Greece	773	414	962	267	-29.8%
Austria	93.0	107	318	201	29.3%
Malta	373	350	126	167	-23.5%
Germany	2.5	227	151	158	298.3%
Hungary	83.2	7.0	51.2	130	16.0%
Slovenia	305	29.5	343	81.3	-35.6%
United Kingdom	404	225	4.0	6.5	-74.8%
Others	210	357	589	133	-14.1%
Total	3,605	2,446	4,119	2,375	-13.0%

Top Export Markets for Plantain from Italy in 2022:

Spain (505.3 tons)
Romania (502.1 tons)
France (355.1 tons)
Greece (263.7 tons)
Austria (164.6 tons)
Germany (162.0 tons)
Hungary (149.1 tons)
Malta (134.8 tons)
Slovenia (63.9 tons)
United Kingdom (1.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plantain market in Italy. 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:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023