Ireland: Plantain Market Overview 2021

Plantain Market Size in Ireland

In 2019, after three years of decline, there was significant growth in the Irish plantain market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Plantain Production in Ireland

In value terms, plantain production fell modestly to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Plantain production peaked at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

In 2019, the average plantain yield in Ireland totaled X kg per ha, remaining stable against the previous year's figure. Over the period under review, the yield saw 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 Ireland; almost unchanged from 2018 figures. In general, the harvested area recorded a relatively flat trend pattern.

Plantain Exports

Exports from Ireland

In 2019, shipments abroad of plantains decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2015 to 2019, the growth exports remained at a lower figure.

In value terms, plantain exports reduced to $X in 2019. Overall, exports, however, continue to indicate a pronounced expansion. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for plantain exports from Ireland, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the UK totaled +X%.

In value terms, the UK ($X) also remains the key foreign market for plantain exports from Ireland.

From 2012 to 2019, the average annual rate of growth in terms of value to the UK stood at +X%.

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 saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2019, the rate of growth in terms of prices for the UK amounted to -X% per year.

Plantain Imports

Imports into Ireland

In 2019, supplies from abroad of plantains decreased by -X% to X tonnes, falling for the sixth year in a row after two years of growth. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2014 to 2019, the growth imports failed to regain the momentum.

In value terms, plantain imports contracted to $X in 2019. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Colombia (X tonnes) constituted the largest plantain supplier to Ireland, accounting for a X% share of total imports. Moreover, plantain imports from Colombia exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), more than tenfold. Belize (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2019, the average annual growth rate of volume from Colombia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Belize (+X% per year).

In value terms, Colombia ($X) constituted the largest supplier of plantain to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

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

Import Prices by Country

In 2019, the average plantain import price amounted to $X per tonne, rising by X% against the previous year. Over the last seven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure in 2019 and is likely to continue growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for Colombia ($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 UK, 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?

+

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?

+

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), with a combined 34% share 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 Ireland?

+

In value terms, Colombia ($3.8M) constituted the largest supplier of plantain to Ireland, comprising 78% of total imports. The second position in the ranking was occupied by the UK ($619K), with a 13% share of total imports. It was followed by Costa Rica, with a 2.7% share.

What are the leading importers of plantains from Ireland?

+

In value terms, the UK ($8.6M) remains the key foreign market for plantain exports from Ireland.

What is the average export price for plantains in Ireland?

+

In 2019, the average plantain export price amounted to $1,025 per tonne, shrinking by -4% against the previous year.

What is the average import price for plantains in Ireland?

+

In 2019, the average plantain import price amounted to $1,067 per tonne, picking up by 2.5% against the previous year.