Argentina: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Argentina

The Argentinian banana and plantain market declined significantly to $X in 2019, with a decrease of -X% against the previous year. Overall, the total consumption indicated a measured increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Argentina

In value terms, banana and plantain production reached $X in 2019 estimated in export prices. Over the period under review, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

In 2019, the average yield of bananas and plantains in Argentina reached X tonnes per ha, flattening at the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the average banana and plantain yield attained the maximum level at X tonnes per ha in 2014; afterwards, it flattened through to 2019. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana and plantain harvested area in Argentina reached X ha in 2019, therefore, remained relatively stable against 2018 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The banana and plantain harvested area peaked in 2019 and is expected to retain growth in years to come.

Banana And Plantain Exports

Exports from Argentina

In 2019, exports of bananas and plantains from Argentina surged to X tonnes, growing by X% on the previous year. Overall, exports recorded a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, banana and plantain exports soared to $X in 2019. In general, exports posted a significant expansion. Exports peaked at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes), Paraguay (X tonnes) and Norway (X tonnes) were the main destinations of banana and plantain exports from Argentina, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) emerged as the key foreign market for banana and plantain exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Paraguay ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+X% per year) and Norway (+X% per year).

Export Prices by Country

In 2019, the average banana and plantain export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per tonne), while the average price for exports to Paraguay ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Argentina

Banana and plantain imports into Argentina plummeted to X tonnes in 2019, shrinking by -X% against the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports declined rapidly to $X in 2019. Overall, total imports indicated a notable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Ecuador (X tonnes) constituted the largest supplier of banana and plantain to Argentina, accounting for a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Paraguay (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+X% per year) and Brazil (-X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of banana and plantain to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Paraguay ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Ecuador amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+X% per year) and Brazil (-X% per year).

Import Prices by Country

In 2019, the average banana and plantain import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Ecuador ($X per tonne), while the price for Paraguay ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ecuador, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?

+

India (30M tonnes) remains the largest banana and plantain consuming country worldwide, accounting for 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (13M tonnes), twofold. Indonesia (7.3M tonnes) ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of bananas and plantains in the world?

+

India (30M tonnes) constituted the country with the largest volume of banana and plantain production, comprising approx. 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The third position in this ranking was occupied by the Philippines (9.2M tonnes), with a 5.8% share.

What are the leading suppliers of bananas and plantains to Argentina?

+

In value terms, Ecuador ($104M) constituted the largest supplier of banana and plantain to Argentina, comprising 85% of total imports. The second position in the ranking was occupied by Paraguay ($12M), with a 9.5% share of total imports.

What are the leading importers of bananas and plantains from Argentina?

+

In value terms, the U.S. ($40K) emerged as the key foreign market for banana and plantain exports from Argentina, comprising 84% of total exports. The second position in the ranking was occupied by Paraguay ($4.6K), with a 9.7% share of total exports.

What is the average export price for bananas and plantains in Argentina?

+

In 2019, the average banana and plantain export price amounted to $415 per tonne, increasing by 33% against the previous year.

What is the average import price for bananas and plantains in Argentina?

+

The average banana and plantain import price stood at $373 per tonne in 2019, picking up by 2% against the previous year.