Belize: Plantain Market Overview 2020

Plantain Market Size in Belize

The revenue of the plantain market in Belize amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, plantain consumption continues to indicate a slight increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the plantain market reached its maximum level at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Plantain Production in Belize

In value terms, plantain production stood at $X in 2018 estimated in export prices. In general, plantain production continues to indicate a mild increase. The pace of growth was the most pronounced in 2008 when production volume increased by X% against the previous year. Over the period under review, plantain production attained its peak figure level at $X in 2009; however, from 2010 to 2018, production stood at a somewhat lower figure.

Average yield of plantains in Belize amounted to X tonne per ha in 2018, rising by X% against the previous year. In general, the plantain yield continues to indicate a slight increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the plantain yield reached its peak figure level at X tonne per ha in 2009; however, from 2010 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of plantains were harvested in Belize; growing by X% against the previous year. Over the period under review, the plantain harvested area continues to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. The global plantain harvested area peaked in 2018 and is expected to retain its growth in the near future.

Plantain Exports

Exports from Belize

In 2018, the amount of plantains exported from Belize amounted to X tonnes, shrinking by -X% against the previous year. In general, plantain exports continue to indicate a deep deduction. The pace of growth appeared the most rapid in 2013 when exports decreased by -X% year-to-year. Belize exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, plantain exports totaled $X in 2018. In general, plantain exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2018 when exports decreased by -X% against the previous year. Belize exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The exports of the three major exporters of plantains, namely the Philippines, Guatemala and Ecuador, represented more than half of total export. It was distantly followed by the Dominican Republic (X tonnes) and Colombia (X tonnes), together comprising a X% share of total exports. Mozambique (X tonnes), Nicaragua (X tonnes), Cote d'Ivoire (X tonnes), the Netherlands (X tonnes), the U.S. (X tonnes) and Belgium (X tonnes) held a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua, Mozambique and Belize, which together accounted for a further X Netherlands experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The plantain export price in Belize stood at $X per tonne in 2018, waning by -X% against the previous year. In general, the plantain export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2011 when the export price decreased by -X% y-o-y. Over the period under review, the export prices for plantains attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per tonne), while Mozambique ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the other leaders experienced more modest paces of growth.

Plantain Imports

Imports into Belize

In 2018, approx. X kg of plantains were imported into Belize; coming down by -X% against the previous year. Over the period under review, plantain imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2011 with a decrease of -X% y-o-y. Belize imports peaked at X kg in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, plantain imports totaled $X in 2018. Overall, plantain imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2012 when imports decreased by -X% y-o-y. Belize imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importer of plantains in the world, with the volume of imports accounting for X tonnes, which was near X% of total imports in 2018. South Africa (X tonnes) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%), the Netherlands (X%) and Romania (X%). The United Arab Emirates (X tonnes), the UK (X tonnes), Belgium (X tonnes), France (X tonnes), Senegal (X tonnes), Poland (X tonnes) and Macedonia (X tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the United Arab Emirates (+X%), Senegal (+X%), Romania (+X%), South Africa (+X%), the UK (+X%), Macedonia (+X%), Poland (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Saudi Arabia (-X%), Belgium (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., South Africa, Romania, the United Arab Emirates, Senegal and the UK increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Belgium (-X p.p.), Saudi Arabia (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported plantains into Belize, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In the U.S., plantain imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the plantain import price in Belize amounted to $X per tonne, remaining relatively unchanged against the previous year. Overall, the plantain import price continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Belize import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform