Chile: Plantain Market Overview 2021

Plantain Market Size in Chile

In 2019, the Chilean plantain market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded prominent growth. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Plantain consumption peaked in 2019 and is expected to retain growth in the immediate term.

Plantain Exports

Exports from Chile

In 2019, approx. X tonnes of plantains were exported from Chile; declining by -X% on the year before. Over the period under review, exports faced a sharp decline. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, plantain exports contracted significantly to $X in 2019. Overall, exports faced a precipitous descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tonnes) was the main destination for plantain exports from Chile, with a X% share of total exports. Moreover, plantain exports to Ireland exceeded the volume sent to the second major destination, Slovakia (X tonnes), twofold.

From 2012 to 2019, the average annual growth rate of volume to Ireland amounted to +X%.

In value terms, Ireland ($X) remains the key foreign market for plantain exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Ireland stood at +X%.

Export Prices by Country

In 2019, the average plantain export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price saw a perceptible decrease. The growth pace was the most rapid in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Ireland ($X per tonne), while the average price for exports to Slovakia stood at $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia.

Plantain Imports

Imports into Chile

In 2019, overseas purchases of plantains increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, imports showed temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, plantain imports skyrocketed to $X in 2019. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. 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 supplier of plantain to Chile, with a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Ecuador stood at +X%.

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

From 2012 to 2019, the average annual growth rate of value from Ecuador stood at +X%.

Import Prices by Country

In 2019, the average plantain import price amounted to $X per tonne, growing by X% against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% year-to-year. The import price peaked in 2019 and is likely to see steady 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 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 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. These countries were followed by Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela, which together accounted 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. These countries were followed by Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela, which together accounted for a further 47%.

What are the leading suppliers of plantains to Chile?

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In value terms, Ecuador ($7.6M) constituted the largest supplier of plantain to Chile.

What are the leading importers of plantains from Chile?

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In value terms, Ireland ($19K) remains the key foreign market for plantain exports from Chile, comprising 79% of total exports. The second position in the ranking was occupied by Slovakia ($5K), with a 21% share of total exports.

What is the average export price for plantains in Chile?

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In 2019, the average plantain export price amounted to $765 per tonne, reducing by -5.8% against the previous year.

What is the average import price for plantains in Chile?

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In 2019, the average plantain import price amounted to $487 per tonne, with an increase of 14% against the previous year.