Asia-Pacific: Plantain Market 2024

Plantain Market Size in Asia-Pacific

The Asia-Pacific plantain market stood at $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Plantain Production in Asia-Pacific

In value terms, plantain production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The Philippines (X tons) remains the largest plantain producing country in Asia-Pacific, accounting for X% of total volume. Moreover, plantain production in the Philippines exceeded the figures recorded by the second-largest producer, Myanmar (X tons), twofold. Sri Lanka (X tons) ranked third in terms of total production with a X% share.

In the Philippines, plantain production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Myanmar (X% per year) and Sri Lanka (X% per year).

In 2022, the average plantain yield in Asia-Pacific reached X tons per ha, standing approx. at the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the plantain yield attained the peak level at X tons per ha in 2018; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The plantain harvested area stood at X ha in 2022, remaining stable against 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to plantain production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Plantain Exports

Exports in Asia-Pacific

Plantain exports reduced sharply to X tons in 2022, dropping by X% compared with the previous year's figure. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plantain exports reduced markedly to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons) and Indonesia (X tons) represented roughly X% of total exports in 2022. Cambodia (X tons) ranks next in terms of the total exports with an X% share, followed by the Philippines (X%). The following exporters - India (X tons) and Vietnam (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) emerged as the largest plantain supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

In Sri Lanka, plantain exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Plantain Imports

Imports in Asia-Pacific

In 2022, purchases abroad of plantains increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plantain imports expanded sharply to $X in 2022. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brunei Darussalam represented the largest importer of plantains in Asia-Pacific, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons), comprising a X% share of total imports. Singapore (X tons) and Maldives (X tons) followed a long way behind the leaders.

Imports into Brunei Darussalam increased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%), Japan (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Brunei Darussalam, Japan, Singapore and Maldives increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plantain importing markets in Asia-Pacific were Brunei Darussalam ($X), Japan ($X) and Maldives ($X), with a combined X% share of total imports.

Brunei Darussalam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :