Chile: Banana And Plantain Market 2022

Banana And Plantain Market Size in Chile

For the seventh year in a row, the Chilean banana and plantain market recorded growth in sales value, which increased by X% to $X in 2021. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2012 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Banana And Plantain Exports

Exports from Chile

Banana and plantain exports from Chile soared to X tonnes in 2021, rising by X% against 2020 figures. Over the period under review, exports, however, recorded a sharp contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-year. Over the period under review, the exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, banana and plantain exports dropped markedly to $X in 2021. Overall, exports, however, saw a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X tonnes), the United States (X tonnes) and Germany (X tonnes) were the main destinations of banana and plantain exports from Chile, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (+X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for banana and plantain exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Ecuador (+X% per year).

Export Prices by Country

In 2021, the average banana and plantain export price amounted to $X per tonne, waning by -X% against the previous year. In general, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne, and then shrank sharply in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per tonne), while the average price for exports to Ecuador ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Chile

Banana and plantain imports into Chile reached X tonnes in 2021, with an increase of X% compared with the previous year. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, banana and plantain imports surged to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ecuador (X tonnes) was the main banana and plantain supplier to Chile, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ecuador amounted to +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Ecuador stood at +X%.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Ecuador amounted to +X% per year.

Source: IndexBox Platform