Australia and Oceania: Plantain Market 2024

Plantain Market Size in Australia and Oceania

The plantain market in Australia and Oceania surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plantain Production in Australia and Oceania

In value terms, plantain production fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Fiji (X tons) remains the largest plantain producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, plantain production in Fiji exceeded the figures recorded by the second-largest producer, Tonga (X tons), threefold. The third position in this ranking was held by Micronesia (X tons), with a X% share.

In Fiji, plantain production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Tonga (X% per year) and Micronesia (X% per year).

In 2022, the average yield of plantains in Australia and Oceania declined to X tons per ha, which is down by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the yield reached the peak level of X tons per ha, and then fell in the following year. 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 Australia and Oceania; which is down by X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to plantain production attained the maximum at X ha in 2021, and then shrank modestly in the following year.

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Plantain Exports

Exports in Australia and Oceania

In 2022, exports of plantains in Australia and Oceania skyrocketed to X tons, with an increase of X% on the previous year. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plantain exports soared to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Fiji (X tons) was the key exporter of plantains, committing X% of total exports. Australia (X kg) ranks second in terms of the total exports with an X% share, followed by New Zealand (X%).

Fiji experienced a relatively flat trend pattern with regard to volume of exports of plantains. Australia experienced a relatively flat trend pattern. New Zealand (X%) illustrated a downward trend over the same period. While the share of Fiji (X p.p.) and Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, the largest plantain supplying countries in Australia and Oceania were Australia ($X), Fiji ($X) and New Zealand ($X).

Among the main exporting countries, Fiji, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, recorded a mild expansion. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 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 Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Plantain Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in overseas purchases of plantains, when their volume decreased by X% to X tons. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plantain imports reduced rapidly to $X in 2022. In general, imports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand was the key importer of plantains in Australia and Oceania, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Australia (X tons), comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plantain imports into New Zealand stood at X%. Australia (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) constitutes the largest market for imported plantains in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

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