Micronesia (Federated States of): Plantain Market 2020

Plantain Market Size in Micronesia (Federated States of)

The revenue of the plantain market in Micronesia (Federated States of) amounted to $X in 2018, leveling off at the previous year. Over the period under review, plantain consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. In that year, the plantain market reached its peak level of $X. From 2014 to 2018, the growth of the plantain market remained at a lower figure.

Plantain Production in Micronesia (Federated States of)

In value terms, plantain production stood at $X in 2018 estimated in export prices. In general, plantain production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. In that year, plantain production attained its peak level of $X. From 2014 to 2018, plantain production growth remained at a somewhat lower figure.

Average yield of plantains in Micronesia (Federated States of) stood at X kg per ha in 2018, dropping by -X% against the previous year. In general, the plantain yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when yield increased by X% year-to-year. The global plantain yield peaked at X kg per ha in 2008; however, from 2009 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.

Plantain harvested area in Micronesia (Federated States of) totaled X ha in 2018, leveling off at the previous year. Over the period under review, the plantain harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when harvested area increased by X% against the previous year. In that year, the plantain harvested area reached its peak level of X ha. From 2013 to 2018, the growth of the plantain harvested area failed to regain its momentum.

Plantain Exports

Exports by Country

The exports of the three major exporters of plantains, namely the Philippines, Guatemala and Ecuador, represented more than half of total export. The Dominican Republic (X tons) occupied an X% share (based on tons) of total exports, which put it in second place, followed by Colombia (X%). Mozambique (X tons), Nicaragua (X tons), Cote d'Ivoire (X tons), the Netherlands (X tons), the U.S. (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest plantain markets from Micronesia (Federated States of) were the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X), with a combined X% share of total exports. The Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua and Mozambique lagged somewhat behind, together comprising a further X the main exporting countries, the Netherlands experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The plantain export price in Micronesia (Federated States of) stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. In general, the plantain export price continues to indicate a relatively flat trend pattern.

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

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

Plantain Imports

Imports by Country

In 2018, the U.S. (X tons) was the major importer of plantains, creating X% of total imports. South Africa (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Saudi Arabia (X%), the Netherlands (X%) and Romania (X%). The following importers - the United Arab Emirates (X tons), the UK (X tons), Belgium (X tons), France (X tons), Senegal (X tons), Poland (X tons) and Macedonia (X tons) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the United Arab Emirates (+X%), Senegal (+X%), Romania (+X%), South Africa (+X%), the UK (+X%), Macedonia (+X%), Poland (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Saudi Arabia (-X%), Belgium (-X%) and France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), South Africa (+X p.p.), Romania (+X p.p.), the United Arab Emirates (+X p.p.), Senegal (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while Belgium, Saudi Arabia and France saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported plantains into Micronesia (Federated States of), comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In the U.S., plantain imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The plantain import price in Micronesia (Federated States of) stood at $X per ton in 2018, remaining stable against the previous year. Over the period under review, the plantain import price continues to indicate a relatively flat trend pattern.

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

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

Source: IndexBox Platform