Asia: Plantain Market 2024

Plantain Market Size in Asia

The Asian plantain market expanded modestly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plantain Production in Asia

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

The Philippines (X tons) remains the largest plantain producing country in Asia, 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 reached X tons per ha, almost unchanged from 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of yield peaked 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.

In 2022, approx. X ha of plantains were harvested in Asia; leveling off at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to plantain production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Plantain Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of plantains, when their volume decreased by X% to X tons. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, plantain exports contracted markedly to $X in 2022. Overall, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Sri Lanka (X tons), the United Arab Emirates (X tons) and Indonesia (X tons) represented the key exporter of plantains in Asia, making up X% of total export. Lebanon (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Cambodia (X%). The Philippines (X tons) and Saudi Arabia (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Sri Lanka ($X) and Lebanon ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Lebanon (X%), while the other leaders experienced mixed trends in the export price figures.

Plantain Imports

Imports in Asia

In 2022, approx. X tons of plantains were imported in Asia; increasing by X% compared with 2021 figures. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plantain imports surged to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons), Qatar (X tons) and Palestine (X tons) was the key importer of plantains in Asia, achieving X% of total import. It was distantly followed by Bahrain (X tons) and Saudi Arabia (X tons), together mixing up a X% share of total imports. The following importers - Brunei Darussalam (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plantain importing markets in Asia were Qatar ($X), the United Arab Emirates ($X) and Palestine ($X), with a combined X% share of total imports. Bahrain, Saudi Arabia, Brunei Darussalam and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Brunei Darussalam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Bahrain ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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