Belgium: Plantain Market Overview 2021

Plantain Market Size in Belgium

In 2019, the Belgian plantain market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Plantain Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of plantains, which increased by X% to X tonnes in 2019. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2014 to 2019, the growth exports remained at a lower figure.

In value terms, plantain exports expanded modestly to $X in 2019. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

France (X tonnes), the Netherlands (X tonnes) and Spain (X tonnes) were the main destinations of plantain exports from Belgium, with a combined X% share of total exports. Italy, Luxembourg and the UK lagged somewhat behind, together comprising a further X 2012 to 2019, the biggest increases were in Luxembourg, while shipments for the other leaders experienced a decline.

In value terms, France ($X), the Netherlands ($X) and Spain ($X) constituted the largest markets for plantain exported from Belgium worldwide, together accounting for X% of total exports. These countries were followed by Luxembourg, Italy and the UK, which together accounted for a further X the main countries of destination, Luxembourg recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average plantain export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Luxembourg ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Plantain Imports

Imports into Belgium

For the fourth year in a row, Belgium recorded decline in purchases abroad of plantains, which decreased by -X% to X tonnes in 2019. In general, imports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2014 to 2019, the growth imports remained at a lower figure.

In value terms, plantain imports reduced slightly to $X in 2019. Overall, total imports indicated a prominent increase from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Ecuador (X tonnes), Colombia (X tonnes) and the UK (X tonnes) were the main suppliers of plantain imports to Belgium, with a combined X% share of total imports.

From 2012 to 2019, the biggest increases were in the UK (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Colombia ($X) and the UK ($X) appeared to be the largest plantain suppliers to Belgium, together accounting for X% of total imports.

In terms of the main suppliers, the UK (+X% per year) recorded the highest growth rate of 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

The average plantain import price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Ecuador ($X per tonne) was amongst the lowest.

From 2012 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 plantains in the world?

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The countries with the highest volumes of plantain consumption in 2019 were Ghana (4.9M tonnes), Democratic Republic of the Congo (4.9M tonnes) and Cameroon (4.8M tonnes), with a combined 35% share of global consumption. Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela lagged somewhat behind, together accounting for a further 47%.

What are the largest producers of plantains in the world?

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The countries with the highest volumes of plantain production in 2019 were Ghana (4.9M tonnes), Democratic Republic of the Congo (4.9M tonnes) and Cameroon (4.8M tonnes), with a combined 34% share of global production. Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela lagged somewhat behind, together accounting for a further 47%.

What are the leading suppliers of plantains to Belgium?

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In value terms, Ecuador ($11M), Colombia ($9.2M) and the UK ($4.2M) appeared to be the largest plantain suppliers to Belgium, together comprising 92% of total imports.

What are the leading importers of plantains from Belgium?

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In value terms, France ($7M), the Netherlands ($3.7M) and Spain ($3.2M) appeared to be the largest markets for plantain exported from Belgium worldwide, with a combined 83% share of total exports. These countries were followed by Luxembourg, Italy and the UK, which together accounted for a further 15%.

What is the average export price for plantains in Belgium?

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The average plantain export price stood at $866 per tonne in 2019, reducing by -1.6% against the previous year.

What is the average import price for plantains in Belgium?

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In 2019, the average plantain import price amounted to $815 per tonne, with a decrease of -1.9% against the previous year.