Haiti: Banana Market 2020

Banana Market Size in Haiti

The revenue of the banana market in Haiti amounted to $X in 2018, declining by -X% against the previous year. Overall, banana consumption continues to indicate a deep drop. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, the banana market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Banana Production in Haiti

In value terms, banana production totaled $X in 2018 estimated in export prices. Overall, banana production continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Haiti banana production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

In 2018, the average banana yield in Haiti totaled X ton per ha, going down by -X% against the previous year. Over the period under review, the banana yield continues to indicate a perceptible descent. The growth pace was the most rapid in 2011 when yield increased by X% against the previous year. The global banana yield peaked at X ton per ha in 2007; however, from 2008 to 2018, 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.

Banana harvested area in Haiti totaled X ha in 2018, increasing by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to banana production attained its maximum at X ha in 2015; however, from 2016 to 2018, harvested area failed to regain its momentum.

Banana Exports

Exports from Haiti

In 2018, approx. X kg of bananas were exported from Haiti; going up by X% against the previous year. Over the period under review, banana exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, banana exports attained their maximum at X kg in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, banana exports stood at $X in 2018. Over the period under review, banana exports continue to indicate a notable increase. The pace of growth was the most pronounced in 2012 when exports increased by X% year-to-year. Haiti exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Ecuador (X tons), distantly followed by Costa Rica (X tons), Guatemala (X tons), the Philippines (X tons), Colombia (X tons) and Belgium (X tons) were the main exporters of bananas, together achieving X% of total exports. The following exporters - the Netherlands (X tons), Honduras (X tons), the U.S. (X tons), Mexico (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) - together made up X% of total exports.

Ecuador experienced a relatively flat trend pattern of bananas exports. At the same time, Mexico (+X%), the Netherlands (+X%), Guatemala (+X%), Cote d'Ivoire (+X%), Cameroon (+X%), the U.S. (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Honduras, Colombia, Costa Rica and the Philippines experienced a relatively flat trend pattern. While the share of Guatemala (+X p.p.), the Netherlands (+X p.p.), Mexico (+X p.p.) and Ecuador (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest banana supplier from Haiti, comprising X% of global exports. The second position in the ranking was occupied by Costa Rica ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Ecuador amounted to +X%. In the other countries, the average annual rates were as follows: Costa Rica (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

In 2018, the banana export price in Haiti amounted to $X per ton, shrinking by -X% against the previous year. In general, the banana export price continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2012 when the export price increased by X% against the previous year. Over the period under review, the export prices for bananas reached their peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Cameroon, while the other leaders experienced more modest paces of growth.

Banana Imports

Imports into Haiti

In 2018, the amount of bananas imported into Haiti totaled X tons, going up by X% against the previous year. Over the period under review, banana imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Haiti imports peaked at X tons in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, banana imports amounted to $X in 2018. Over the period under review, banana imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, banana imports attained their peak figure at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. was the key importer of bananas in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%), Belgium (X%), China (X%) and the UK (X%). Japan (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Canada (X tons) and Iran (X tons) held a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to banana imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), Iran (+X%), Russia (+X%), France (+X%), Canada (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK, Belgium, Japan and Germany experienced a relatively flat trend pattern. The U.S. (+X p.p.), China (+X p.p.), Russia (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Belgium (-X% per year) and Russia (+X% per year).

Import Prices by Country

The banana import price in Haiti stood at $X per ton in 2018, surging by X% against the previous year. Over the period under review, the banana import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Haiti import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform