Argentina: Banana Market Overview 2020

Banana Market Size in Argentina

The revenue of the banana market in Argentina amounted to $X in 2018, falling by -X% against the previous year. Overall, the total market indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, banana consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. Banana consumption peaked at $X in 2017, and then declined slightly in the following year.

Banana Production in Argentina

In value terms, banana production stood at $X in 2018 estimated in export prices. In general, banana production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, banana production reached its peak level of $X, and then declined slightly in the following year.

In 2018, the average banana yield in Argentina amounted to X tonne per ha, approximately mirroring the previous year. Overall, the banana yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Banana yield peaked in 2018 and is expected to retain its 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 2018, the harvested area of bananas in Argentina totaled X ha, remaining relatively unchanged against the previous year. Overall, the banana harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to banana production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Banana Exports

Exports from Argentina

In 2018, the exports of bananas from Argentina totaled X tonnes, remaining relatively unchanged against the previous year. Overall, banana exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, banana exports attained their peak of X tonnes. From 2015 to 2018, the growth of banana exports remained at a somewhat lower figure.

In value terms, banana exports totaled $X in 2018. Over the period under review, banana exports continue to indicate prominent growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2017, and then declined slightly in the following year.

Banana Imports

Imports into Argentina

In 2018, approx. X tonnes of bananas were imported into Argentina; waning by -X% against the previous year. Over the period under review, the total imports indicated a resilient expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, banana imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, banana imports amounted to $X in 2018. In general, banana imports, however, continue to indicate a remarkable increase. 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, and then declined slightly in the following year.

Source: IndexBox AI Platform