Barbados: Banana Market 2020

Banana Market Size in Barbados

The revenue of the banana market in Barbados amounted to $X in 2018, coming down by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Banana consumption peaked at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Banana Production in Barbados

In value terms, banana production stood at $X in 2018 estimated in export prices. Over the period under review, banana production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2012 when production volume decreased by -X% year-to-year. Banana production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of bananas in Barbados stood at X ton per ha, standing approx. at the previous year. Over the period under review, the banana yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, the average banana yield attained its peak level of X ton per ha. From 2013 to 2018, the growth of the average banana yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of bananas production in Barbados amounted to X ha, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when harvested area increased by X% y-o-y. Banana harvested area peaked in 2018 and is expected to retain its growth in the near future.

Banana Exports

Exports from Barbados

In 2018, the banana exports from Barbados amounted to X kg, surging by X% against the previous year. Overall, banana exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, banana exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, banana exports amounted to $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. In that year, banana exports attained their peak and are likely to continue its growth in the immediate term.

Banana Imports

Imports into Barbados

Banana imports into Barbados totaled X tons in 2018, shrinking by -X% against the previous year. In general, banana imports, however, continue to indicate modest growth. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, banana imports attained their peak figure at X tons in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, banana imports amounted to $X in 2018. Over the period under review, the total imports indicated pronounced growth from 2007 to 2018: its value 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 decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Source: IndexBox Platform