Grenada: Banana Market Overview 2020

Banana Market Size in Grenada

The revenue of the banana market in Grenada amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, the total market indicated a significant expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, banana consumption decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. In that year, the banana market reached its peak level of $X. From 2015 to 2018, the growth of the banana market remained at a somewhat lower figure.

Banana Production in Grenada

In value terms, banana production totaled $X in 2018 estimated in export prices. Overall, banana production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, banana production reached its peak level of $X. From 2015 to 2018, banana production growth failed to regain its momentum.

Average yield of bananas in Grenada stood at X tonne per ha in 2018, approximately reflecting the previous year. In general, the banana yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the average banana yield attained its peak figure level at X tonne per ha in 2007; however, from 2008 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of bananas were harvested in Grenada; stabilizing at the previous year. In general, the banana harvested area continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% against the previous year. In that year, the banana harvested area reached its peak level of X ha. From 2013 to 2018, the growth of the banana harvested area failed to regain its momentum.

Banana Exports

Exports from Grenada

In 2018, the amount of bananas exported from Grenada amounted to X tonnes, growing by X% against the previous year. In general, banana exports, however, continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, banana exports totaled $X in 2018. Over the period under review, banana exports, however, continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Banana Imports

Imports into Grenada

In 2018, the imports of bananas into Grenada totaled X tonnes, jumping by X% against the previous year. In general, banana imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, banana imports stood at $X in 2018. In general, banana imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to continue its growth in the immediate term.

Source: IndexBox AI Platform