Spain - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlantain Price in Spain - 2023
Contents:
- Plantain Price in Spain (CIF) - 2023
- Plantain Price in Spain (FOB) - 2023
- Plantain Imports in Spain
- Plantain Exports in Spain
Plantain Price in Spain (CIF) - 2023
The average plantain import price stood at $1,138 per ton in October 2023, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in November 2022 when the average import price increased by 15% m-o-m. Over the period under review, average import prices attained the peak figure at $1,206 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,548 per ton), while the price for Portugal ($875 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Panama (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plantain Price in Spain (FOB) - 2023
The average plantain export price stood at $1,058 per ton in October 2023, approximately equating the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 26% month-to-month. As a result, the export price attained the peak level of $1,319 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Italy ($2,129 per ton), while the average price for exports to the Netherlands ($748 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plantain Imports in Spain
In 2022, purchases abroad of plantains decreased by -27.5% to 38K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.8% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 79%. As a result, imports reached the peak of 54K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, plantain imports reduced to $36M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value 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 decreased by -12.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 84%. As a result, imports reached the peak of $41M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Plantain in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 12.3 | 13.7 | 14.3 | 18.7 | 15.0% |
| Colombia | 4.2 | 5.0 | 6.4 | 6.8 | 17.4% |
| Portugal | 0.6 | 14.8 | 14.5 | 6.0 | 115.4% |
| Belgium | 1.2 | 1.7 | 1.5 | 1.3 | 2.7% |
| Netherlands | 1.3 | 4.2 | 0.9 | 1.1 | -5.4% |
| Italy | 0.3 | 0.8 | 1.1 | 1.1 | 54.2% |
| France | 0.9 | 1.2 | 1.3 | 1.0 | 3.6% |
| Others | 1.7 | 0.1 | 0.3 | 0.5 | -33.5% |
| Total | 22.5 | 41.5 | 40.2 | 36.5 | 17.5% |
Top Suppliers of Plantain to Spain in 2022:
- Ecuador (19.9K tons)
- Colombia (7.1K tons)
- Portugal (5.2K tons)
- France (2.0K tons)
- Belgium (1.4K tons)
- Netherlands (1.2K tons)
- Italy (0.8K tons)
Plantain Exports in Spain
In 2022, after three years of growth, there was significant decline in overseas shipments of plantains, when their volume decreased by -56.7% to 2.3K tons. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 191%.
In value terms, plantain exports fell notably to $2.4M in 2022. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 114% against the previous year.
| Export of Plantain in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 87.3 | 326 | 1,775 | 1,063 | 130.1% |
| Portugal | 254 | 1,484 | 1,802 | 544 | 28.9% |
| Italy | 1,005 | 1,141 | 1,469 | 370 | -28.3% |
| Romania | 104 | 222 | 523 | 207 | 25.8% |
| Switzerland | 3.5 | 4.6 | 17.5 | 53.6 | 148.3% |
| Luxembourg | 361 | 201 | 97.0 | 49.1 | -48.6% |
| Belgium | N/A | 507 | 427 | 34.4 | -74.0% |
| Others | 105 | 217 | 106 | 47.5 | -23.2% |
| Total | 1,920 | 4,102 | 6,217 | 2,369 | 7.3% |
Top Export Markets for Plantain from Spain in 2022:
- Portugal (803.3 tons)
- France (569.6 tons)
- Romania (462.9 tons)
- Italy (282.1 tons)
- Luxembourg (59.5 tons)
- Belgium (42.4 tons)
- Switzerland (35.6 tons)
This report provides an in-depth analysis of the plantain market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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Due to this, imports of Plantain reached their highest point and are expected to continue growing in the near future. In terms of value, plantain imports rose significantly to $4.9M in October 2023.
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The growth pace of Plantain imports experienced its most rapid increase in March 2023, with a month-to-month surge of 32%. In terms of value, the September 2023 data reflected a decline in plantain imports, amounting to $3.6M.
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Explore the top import markets for plantain and discover the countries with the highest import values. Find out key statistics and market insights using data from the IndexBox market intelligence platform.
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Global plantain imports continue a two-year downward trend, decreasing by -15.1% y-o-y to 958K tons 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 tons. European imports increased by +1.2% y-o-y, reaching 274K tons last year. In 2020, the average plantain import price rose slightly by +1.8% y-o-y.
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Ecuador dominates in the global plantain trade. In 2014, Ecuador exported X million tons of plantains totaling X million USD, X% over the previous year. Its primary trading partner was the Russian Federation, where it supplied X% of its total p
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