Ethiopia: Banana And Plantain Market 2024

Banana And Plantain Market Size in Ethiopia

The Ethiopian banana and plantain market reached $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Banana and plantain consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Banana And Plantain Production in Ethiopia

In value terms, banana and plantain production contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of bananas and plantains in Ethiopia fell to X tons per ha in 2022, reducing by X% on 2021. Overall, the yield saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. Over the period under review, the average banana and plantain yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas and plantains production in Ethiopia amounted to X ha, surging by X% compared with the previous year. Over the period under review, the harvested area posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the banana and plantain harvested area failed to regain momentum.

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Banana And Plantain Exports

Exports from Ethiopia

In 2022, after eight years of growth, there was significant decline in shipments abroad of bananas and plantains, when their volume decreased by X% to X tons. In general, exports, however, showed strong growth. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, banana and plantain exports dropped significantly to $X in 2022. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Somalia (X tons) and Djibouti (X tons) were the main destinations of banana and plantain exports from Ethiopia.

From 2012 to 2022, the biggest increases were recorded for Somalia (with a CAGR of X%).

In value terms, Somalia ($X) remains the key foreign market for bananas and plantains exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by Djibouti ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Somalia totaled X%.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Djibouti stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (X%).

Banana And Plantain Imports

Imports into Ethiopia

In 2022, approx. X tons of bananas and plantains were imported into Ethiopia; picking up by X% against 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, banana and plantain imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, India (X tons) was the main banana and plantain supplier to Ethiopia, accounting for a X% share of total imports. It was followed by the United Arab Emirates (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of bananas and plantains to Ethiopia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, rising by X% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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