Greece: Plantain Market Overview 2021

Plantain Market Size in Greece

The Greek plantain market soared to $X in 2019, surging by X% against the previous year. In general, consumption, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Plantain consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Plantain Production in Greece

In value terms, plantain production fell to $X in 2019 estimated in export prices. In general, production recorded a deep setback. The growth pace was the most rapid in 2013 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2014 to 2019, production growth remained at a lower figure.

In 2019, the average plantain yield in Greece stood at X kg per ha, approximately equating the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of plantains were harvested in Greece; approximately equating the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Plantain Exports

Exports from Greece

In 2019, overseas shipments of plantains decreased by -X% to X tonnes, falling for the third year in a row after three years of growth. Over the period under review, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2017 to 2019, the growth exports failed to regain the momentum.

In value terms, plantain exports declined to $X in 2019. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2017 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Bulgaria (X tonnes) was the main destination for plantain exports from Greece, accounting for a X% share of total exports. Moreover, plantain exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X tonnes), fivefold. Romania (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2019, the average annual growth rate of volume to Bulgaria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and Romania (-X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for plantain exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Cyprus ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2019, the average annual growth rate of value to Bulgaria totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-X% per year) and Romania (-X% per year).

Export Prices by Country

In 2019, the average plantain export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Cyprus ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Plantain Imports

Imports into Greece

In 2019, supplies from abroad of plantains was finally on the rise to reach X tonnes after two years of decline. Overall, imports, however, faced a deep setback. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, plantain imports skyrocketed to $X in 2019. In general, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Italy (X tonnes) constituted the largest plantain supplier to Greece, accounting for a X% share of total imports. Moreover, plantain imports from Italy exceeded the figures recorded by the second-largest supplier, Ecuador (X tonnes), twofold.

From 2012 to 2019, the average annual growth rate of volume from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and the Netherlands (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of plantain to Greece, comprising X% of total imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average plantain import price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2013 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Ecuador ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

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), together comprising 35% of global consumption. Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela lagged somewhat behind, together comprising 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), together comprising 34% of global production. Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela lagged somewhat behind, together accounting for a further 47%.

What are the leading suppliers of plantains to Greece?

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In value terms, Italy ($773K) constituted the largest supplier of plantain to Greece, comprising 78% of total imports. The second position in the ranking was occupied by Ecuador ($176K), with a 18% share of total imports.

What are the leading importers of plantains from Greece?

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In value terms, Bulgaria ($1.3M) remains the key foreign market for plantain exports from Greece, comprising 67% of total exports. The second position in the ranking was occupied by Cyprus ($214K), with a 11% share of total exports. It was followed by Romania, with a 11% share.

What is the average export price for plantains in Greece?

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In 2019, the average plantain export price amounted to $548 per tonne, shrinking by -4% against the previous year.

What is the average import price for plantains in Greece?

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In 2019, the average plantain import price amounted to $768 per tonne, with a decrease of -19.2% against the previous year.