Argentina: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Argentina

In 2020, after two years of decline, there was significant growth in the Argentinian banana and plantain market, when its value increased by X% to $X. In general, the total consumption indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is likely to continue growth in years to come.

Banana And Plantain Production in Argentina

In value terms, banana and plantain production soared to $X in 2020 estimated in export prices. In general, production enjoyed a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Banana and plantain production peaked in 2020 and is expected to retain growth in the immediate term.

In 2020, the average banana and plantain yield in Argentina was estimated at X tonnes per ha, almost unchanged from 2019 figures. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by X% against the previous year. Over the period under review, the average banana and plantain yield reached the maximum level at X tonnes per ha in 2014; afterwards, it flattened through to 2020. 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 reduced slightly to X ha in 2020, approximately equating 2019 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the harvested area increased by X% against the previous year. The banana and plantain harvested area peaked at X ha in 2007; however, from 2008 to 2020, the harvested area failed to regain the momentum.

Banana And Plantain Exports

Exports from Argentina

Banana and plantain exports from Argentina fell dramatically to X tonnes in 2020, waning by -X% on the year before. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. from 2009 to 2020, the growth exports remained at a lower figure.

In value terms, banana and plantain exports skyrocketed to $X in 2020. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Portugal (X tonnes) was the main destination for banana and plantain exports from Argentina, with a X% share of total exports. Moreover, banana and plantain exports to Portugal exceeded the volume sent to the second major destination, Switzerland (X tonnes), ninefold.

From 2007 to 2020, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Norway (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Norway (+X% per year).

Export Prices by Country

In 2020, the average banana and plantain export price amounted to $X per tonne, jumping by X% against the previous year. Overall, the export price showed a buoyant expansion. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Portugal ($X per tonne), while the average price for exports to Switzerland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced mixed trend patterns.

Banana And Plantain Imports

Imports into Argentina

In 2020, after two years of decline, there was significant growth in overseas purchases of bananas and plantains, when their volume increased by X% to X tonnes. In general, total imports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in years to come.

In value terms, banana and plantain imports soared to $X in 2020. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

In 2020, 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, Bolivia (X tonnes), twofold. The third position in this ranking was occupied by Paraguay (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Ecuador stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+X% per year) and Paraguay (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Ecuador stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+X% per year) and Paraguay (+X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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India (31M 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 (14M tonnes), twofold. The third position in this ranking was occupied by Indonesia (7.4M tonnes), with a 4.5% share.

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

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The country with the largest volume of banana and plantain production was India (31M tonnes), accounting for 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 Philippines (9M tonnes) ranked third in terms of total production with a 5.5% share.

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

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In value terms, Ecuador ($167M) constituted the largest supplier of banana and plantain to Argentina, comprising 68% of total imports. The second position in the ranking was occupied by Bolivia ($44M), with a 18% share of total imports. It was followed by Paraguay, with a 7.1% share.

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

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In value terms, Portugal ($39K) emerged as the key foreign market for banana and plantain exports from Argentina, comprising 90% of total exports. The second position in the ranking was occupied by Switzerland ($2.5K), with a 5.9% share of total exports.

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

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The average banana and plantain export price stood at $1,524 per tonne in 2020, increasing by 134% against the previous year.

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

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The average banana and plantain import price stood at $462 per tonne in 2020, increasing by 32% against the previous year.