Middle East: Banana And Plantain Market 2024

Banana And Plantain Market Size in the Middle East

In 2022, the Middle Eastern banana and plantain market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then fell dramatically in the following year.

Banana And Plantain Production in the Middle East

In value terms, banana and plantain production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) remains the largest banana and plantain producing country in the Middle East, comprising approx. X% of total volume. Moreover, banana and plantain production in Turkey exceeded the figures recorded by the second-largest producer, Israel (X tons), fourfold. Iran (X tons) ranked third in terms of total production with a X% share.

In Turkey, banana and plantain production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Israel (X% per year) and Iran (X% per year).

The average banana and plantain yield was estimated at X tons per ha in 2022, remaining constant against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. Over the period under review, the banana and plantain yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the 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 2022, the total area harvested in terms of bananas and plantains production in the Middle East totaled X ha, stabilizing at the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to banana and plantain production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

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Banana And Plantain Exports

Exports in the Middle East

For the fifth consecutive year, the Middle East recorded decline in shipments abroad of bananas and plantains, which decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports reduced markedly to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Lebanon (X tons) and Yemen (X tons) were the key exporters of bananas and plantains in 2022, reaching near X% and X% of total exports, respectively. It was distantly followed by Israel (X tons) and the United Arab Emirates (X tons), together constituting a X% share of total exports. The following exporters - Saudi Arabia (X tons) and Turkey (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain supplying countries in the Middle East were Yemen ($X), Lebanon ($X) and Israel ($X), together accounting for X% of total exports. The United Arab Emirates, Saudi Arabia and Turkey lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Banana And Plantain Imports

Imports in the Middle East

After two years of growth, overseas purchases of bananas and plantains decreased by X% to X tons in 2022. Over the period under review, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports dropped sharply to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of bananas and plantains, namely Iraq, Saudi Arabia and the United Arab Emirates, represented more than half of total import. It was distantly followed by Iran (X tons) and Turkey (X tons), together creating a X% share of total imports. The following importers - Kuwait (X tons) and Qatar (X tons) - each amounted to an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain importing markets in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X), together accounting for X% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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