Dominica: Plantain Market Overview 2020

Plantain Market Size in Dominica

The revenue of the plantain market in Dominica amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, plantain consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the plantain market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Plantain Production in Dominica

In value terms, plantain production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a buoyant increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, plantain production decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2012 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 2015; however, from 2016 to 2018, production remained at a lower figure.

In 2018, the average plantain yield in Dominica amounted to X tonne per ha, remaining relatively unchanged against the previous year. Overall, the plantain yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the plantain yield reached its maximum level at X tonne per ha in 2012; however, from 2013 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.

Plantain harvested area in Dominica stood at X ha in 2018, remaining constant against the previous year. In general, the plantain harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to plantain production reached its maximum at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Plantain Exports

Exports from Dominica

In 2018, the exports of plantains from Dominica stood at X tonnes, declining by -X% against the previous year. Overall, plantain exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, plantain exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, plantain exports totaled $X in 2018. In general, plantain exports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. In that year, plantain exports attained their peak of $X. From 2014 to 2018, the growth of plantain exports failed to regain its momentum.

Exports by Country

The countries with the highest levels of plantain exports in 2018 were the Philippines (X tonnes), Guatemala (X tonnes) and Ecuador (X tonnes), together accounting for X% of total export. The Dominican Republic (X tonnes) ranks next in terms of the total exports with a X% share, followed by Colombia (X%). The following exporters - Mozambique (X tonnes), Nicaragua (X tonnes), Cote d'Ivoire (X tonnes), the Netherlands (X tonnes), the U.S. (X tonnes) and Belgium (X tonnes) - together made up X% 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 largest plantain markets from Dominica were the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X), together comprising X% of total exports. The Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua, Mozambique and Dominica lagged somewhat behind, together accounting for a further X terms of the main exporting countries, the Netherlands experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the plantain export price in Dominica amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the plantain export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2010 an increase of X% y-o-y. Over the period under review, the export prices for plantains reached their peak figure at $X per tonne in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

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 Dominica

In 2018, the amount of plantains imported into Dominica amounted to X kg, standing approx. at the previous year. Over the period under review, plantain imports continue to indicate a relatively flat trend pattern. Dominica imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, plantain imports amounted to $X in 2018. Overall, plantain imports continue to indicate a relatively flat trend pattern. Dominica imports peaked at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importing country with an import of around X tonnes, which resulted at X% of total imports. South Africa (X tonnes) held the second position in the ranking, followed by Saudi Arabia (X tonnes), the Netherlands (X tonnes) and Romania (X tonnes). All these countries together occupied approx. X% share of total imports. 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. The U.S. (+X p.p.), South Africa (+X p.p.), Romania (+X p.p.), the United Arab Emirates (+X p.p.), Senegal (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while Belgium, Saudi Arabia and France saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., plantain imports increased 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

The plantain import price in Dominica stood at $X per tonne in 2018, stabilizing at the previous year. In general, the plantain import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for plantains reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a 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