Argentina: Banana And Plantain Market 2022

Banana And Plantain Market Size in Argentina

In 2021, the Argentinian banana and plantain market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Banana And Plantain Production in Argentina

In value terms, banana and plantain production contracted sharply to $X in 2021 estimated in export price. Overall, production, however, posted noticeable growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined remarkably in the following year.

In 2021, the average yield of bananas and plantains in Argentina amounted to X tons per ha, remaining relatively unchanged against 2020. Over the period under review, the yield showed a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of bananas and plantains were harvested in Argentina; flattening at the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The banana and plantain harvested area peaked at X ha in 2020, and then dropped in the following year.

Banana And Plantain Exports

Exports from Argentina

In 2021, overseas shipments of bananas and plantains decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, banana and plantain exports dropped dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then fell dramatically in the following year.

Exports by Country

Germany (X tons) was the main destination for banana and plantain exports from Argentina, with a X% share of total exports. Moreover, banana and plantain exports to Germany exceeded the volume sent to the second major destination, Paraguay (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +X%.

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

From 2012 to 2021, the average annual growth rate of value to Germany stood at +X%.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the export price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank significantly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Paraguay totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-X%).

Banana And Plantain Imports

Imports into Argentina

In 2021, overseas purchases of bananas and plantains increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports skyrocketed to $X in 2021. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ecuador (X tons) constituted the largest banana and plantain supplier to Argentina, with a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), twofold. The third position in this ranking was held by Paraguay (X tons), with a X% share.

From 2012 to 2021, 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 ($X) constituted the largest supplier of banana and plantain to Argentina, comprising X% of total imports. The second position in the ranking was taken by Bolivia ($X), with an X% share of total imports. It was followed by Paraguay, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ecuador amounted to +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 ton in 2021, with an increase of X% against the previous year. Over the last nine 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 Ecuador ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform