Chile: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Chile

For the fifth year in a row, the Chilean banana and plantain market recorded growth in sales value, which increased by X% to $X in 2019. Overall, consumption continues to indicate strong growth. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level in 2019 and is likely to see steady growth in the immediate term.

Banana And Plantain Exports

Exports from Chile

In 2019, after two years of decline, there was significant growth in shipments abroad of bananas and plantains, when their volume increased by X% to X tonnes. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, banana and plantain exports soared to $X in 2019. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports remained at a lower figure.

Exports by Country

Germany (X tonnes) was the main destination for banana and plantain exports from Chile, accounting for a X% share of total exports. Moreover, banana and plantain exports to Germany exceeded the volume sent to the second major destination, Poland (X tonnes), fivefold. The U.S. (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and the U.S. (+X% per year).

In value terms, the U.S. ($X), Germany ($X) and Poland ($X) appeared to be the largest markets for banana and plantain exported from Chile worldwide, together comprising X% of total exports.

The U.S. saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Chile

In 2019, approx. X tonnes of bananas and plantains were imported into Chile; growing by X% compared with the year before. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, banana and plantain imports stood at $X in 2019. Over the period under review, total imports indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2008 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Ecuador (X tonnes) was the main banana and plantain supplier to Chile, with a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Ecuador stood at +X%.

In value terms, Ecuador ($X) constituted the largest supplier of banana and plantain to Chile.

From 2007 to 2019, the average annual rate of growth in terms of value from Ecuador amounted to +X%.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2010 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2007 to 2019, the rate of growth in terms of prices for Ecuador amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?

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India (30M tonnes) remains the largest banana and plantain consuming country worldwide, accounting for 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (13M tonnes), twofold. Indonesia (7.3M tonnes) ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of bananas and plantains in the world?

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The country with the largest volume of banana and plantain production was India (30M tonnes), comprising approx. 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The third position in this ranking was occupied by the Philippines (9.2M tonnes), with a 5.8% share.

What are the leading suppliers of bananas and plantains to Chile?

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In value terms, Ecuador ($88M) constituted the largest supplier of banana and plantain to Chile.

What are the leading importers of bananas and plantains from Chile?

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In value terms, the U.S. ($399K), Germany ($300K) and Poland ($34K) appeared to be the largest markets for banana and plantain exported from Chile worldwide, with a combined 91% share of total exports.

What is the average export price for bananas and plantains in Chile?

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The average banana and plantain export price stood at $1,597 per tonne in 2019, reducing by -5.7% against the previous year.

What is the average import price for bananas and plantains in Chile?

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In 2019, the average banana and plantain import price amounted to $343 per tonne, declining by -4.9% against the previous year.