Argentina: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Argentina

The Argentinian banana and plantain market shrank remarkably to $X in 2019, with a decrease of -X% against the previous year. Overall, the total consumption indicated moderate growth from 2007 to 2019: its value decreased 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 pace of growth appeared the most rapid in 2014 when the market value increased by X% y-o-y. Banana and plantain consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

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 continues to indicate a pronounced downturn. The growth pace was the most rapid in 2016 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

In 2019, the average banana and plantain yield in Argentina stood at X tonnes per ha, remaining stable against 2018 figures. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the yield increased by 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 2013; however, from 2014 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of bananas and plantains were harvested in Argentina; approximately equating the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure at X ha in 2007; however, from 2008 to 2019, the harvested area stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Argentina

In 2019, the amount of bananas and plantains exported from Argentina soared to X tonnes, growing by X% against 2018 figures. Over the period under review, exports recorded significant growth. 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. Overall, exports enjoyed significant growth. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2019, exports remained at a 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 rate of growth in terms 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

The average banana and plantain export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

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

In 2019, the amount of bananas and plantains imported into Argentina dropped markedly to X tonnes, reducing by -X% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, banana and plantain imports shrank rapidly to $X in 2019. Over the period under review, total imports indicated perceptible growth 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 when imports increased by X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Ecuador (X tonnes) constituted the largest banana and plantain supplier 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 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).

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 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: Paraguay (+X% per year) and Brazil (-X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. 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?

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India (31M tonnes) remains the largest banana and plantain consuming country worldwide, comprising approx. 20% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (13M tonnes), twofold. The third position in this ranking was occupied by Indonesia (7.4M tonnes), with a 4.7% 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 (32M tonnes), comprising approx. 20% 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?

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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?

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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?

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In 2019, the average banana and plantain export price amounted to $415 per tonne, rising by 33% 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 $373 per tonne in 2019, rising by 2% against the previous year.