Liberia: Banana Market 2020

Banana Market Size in Liberia

The revenue of the banana market in Liberia amounted to $X in 2018, declining by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Liberia banana consumption peaked at $X in 2017, and then declined slightly in the following year.

Banana Production in Liberia

In value terms, banana production amounted to $X in 2018 estimated in export prices. Over the period under review, banana production continues to indicate a relatively flat trend pattern. Over the period under review, banana production reached its peak figure level at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

Average yield of bananas in Liberia stood at X ton per ha in 2018, standing approx. at the previous year. Overall, the banana yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when yield increased by X% year-to-year. Over the period under review, the banana yield attained its peak figure level at X ton per ha in 2009; however, from 2010 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, the total area harvested in terms of bananas production in Liberia amounted to X ha, going up 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 relatively stable, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to banana production attained its peak figure in 2018 and is expected to retain its growth in the immediate term.

Banana Exports

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) represented the key exporters of bananas, together creating X% of total exports. The Netherlands (X tons), Honduras (X tons), the U.S. (X tons), Mexico (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) followed a long way behind the leaders.

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. From 2007 to 2018, the share of Guatemala, the Netherlands, Mexico and Ecuador increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Ecuador, banana exports expanded at an average annual rate of +X% over the period from 2007-2018. 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

The banana export price in Liberia stood at $X per ton in 2018, flattening at the previous year. Over the period under review, the banana export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for bananas attained their maximum at $X per ton in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; 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 Liberia

Banana imports into Liberia amounted to X tons in 2018, going up by X% against the previous year. Over the period under review, banana imports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, banana imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, banana imports totaled $X in 2018. Overall, banana imports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. In that year, banana imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons) was the main importer of bananas, committing X% of total imports. Russia (X tons) occupied the second position in the ranking, followed by Germany (X tons), Belgium (X tons), China (X tons) and the UK (X tons). All these countries together occupied approx. X% share of total imports. Japan (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Canada (X tons) and Iran (X tons) followed a long way behind the leaders.

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. While the share of the U.S. (+X p.p.), China (+X p.p.), Russia (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., banana imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Russia (+X% per year).

Import Prices by Country

In 2018, the banana import price in Liberia amounted to $X per ton, coming down by -X% against the previous year. Overall, the banana import price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Liberia import price peaked at $X per ton in 2017, and then declined slightly in the following year.

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.

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Source: IndexBox Platform