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Philippines - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Plantain Market Overview 2021

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Plantain Market Size in the Philippines

The Philippine plantain market fell to $X in 2019, shrinking by -X% against the previous year. Over the period under review, consumption saw a mild setback. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Plantain consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Plantain Production in the Philippines

In value terms, plantain production shrank to $X in 2019 estimated in export prices. In general, production continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

The average yield of plantains in the Philippines shrank modestly to X tonnes per ha in 2019, waning by -X% on 2018 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X% y-o-y. Over the period under review, the average plantain yield attained the peak level at X tonnes per ha in 2015; however, from 2016 to 2019, the 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.

In 2019, the total area harvested in terms of plantains production in the Philippines fell to X ha, leveling off at the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The plantain harvested area peaked at X ha in 2018, and then reduced in the following year.

Plantain Exports

Exports from the Philippines

Plantain exports from the Philippines reduced slightly to X tonnes in 2019, which is down by -X% on 2018. Overall, exports saw a dramatic decline. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports remained at a lower figure.

In value terms, plantain exports reduced to $X in 2019. Over the period under review, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for plantain exports from the Philippines, with a X% share of total exports. Moreover, plantain exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), sixfold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

From 2012 to 2019, the average annual growth rate of volume to the United Arab Emirates amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and New Zealand (-X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for plantain exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2019, the average annual growth rate of value to the United Arab Emirates totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-X% per year) and New Zealand (-X% per year).

Export Prices by Country

In 2019, the average plantain export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the export price showed a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Qatar ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand, while the prices for the other major destinations experienced a decline.

Plantain Imports

Imports into the Philippines

Plantain imports into the Philippines declined sharply to X tonnes in 2019, reducing by -X% compared with the year before. Over the period under review, imports showed a significant decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes, and then dropped remarkably in the following year.

In value terms, plantain imports dropped sharply to $X in 2019. In general, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2019, Brazil (X tonnes) was the main supplier of plantain to the Philippines, accounting for a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Brazil stood at +X%.

In value terms, Brazil ($X) constituted the largest supplier of plantain to the Philippines.

From 2012 to 2019, the average annual growth rate of value from Brazil stood at +X%.

Import Prices by Country

In 2019, the average plantain import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018, and then contracted notably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

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

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), with a combined 35% share of global consumption. These countries were followed by Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela, which together accounted for 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), together comprising 34% of global production. 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 leading suppliers of plantains to the Philippines?
+
In value terms, Brazil ($1K) constituted the largest supplier of plantain to the Philippines.
What are the leading importers of plantains from the Philippines?
+
In value terms, the United Arab Emirates ($323K) remains the key foreign market for plantain exports from the Philippines, comprising 68% of total exports. The second position in the ranking was occupied by Saudi Arabia ($51K), with a 11% share of total exports. It was followed by New Zealand, with a 7.5% share.
What is the average export price for plantains in the Philippines?
+
In 2019, the average plantain export price amounted to $510 per tonne, reducing by -6.4% against the previous year.
What is the average import price for plantains in the Philippines?
+
The average plantain import price stood at $997 per tonne in 2019, declining by -26.2% against the previous year.

Product coverage:
• FCL 489 -

This report provides an in-depth analysis of the plantain market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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