Saint Lucia: Plantain Market 2020

Plantain Market Size in Saint Lucia

The revenue of the plantain market in Saint Lucia amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, plantain consumption continues to indicate a mild reduction. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. In that year, the plantain market attained its peak level of $X. From 2014 to 2018, the growth of the plantain market remained at a lower figure.

Plantain Production in Saint Lucia

In value terms, plantain production stood at $X in 2018 estimated in export prices. Over the period under review, plantain production continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2013 when production volume increased by X% against the previous year. In that year, plantain production attained its peak level of $X. From 2014 to 2018, plantain production growth failed to regain its momentum.

Average yield of plantains in Saint Lucia stood at X ton per ha in 2018, remaining relatively unchanged against the previous year. Overall, the plantain yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the plantain yield reached its maximum level at X ton per ha in 2007; however, from 2008 to 2018, 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.

Plantain harvested area in Saint Lucia totaled X ha in 2018, going up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to plantain production reached its maximum in 2018 and is expected to retain its growth in the near future.

Plantain Exports

Exports from Saint Lucia

In 2018, the plantain exports from Saint Lucia totaled X tons, jumping by X% against the previous year. Over the period under review, plantain exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, plantain exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, plantain exports totaled $X in 2018. Overall, plantain exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, plantain exports attained their maximum at $X in 2017, and then declined slightly in the following year.

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) ranks next in terms of the total exports with a X% share, followed by Colombia (X%). The following exporters - Mozambique (X tons), Nicaragua (X tons), Cote d'Ivoire (X tons), the Netherlands (X tons), the U.S. (X tons) and Belgium (X tons) - together made up X% of total exports.

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

In value terms, the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by the Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua, Mozambique and Saint Lucia, which together accounted for a further X Lucia recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the plantain export price in Saint Lucia amounted to $X per ton, falling by -X% against the previous year. Overall, the plantain export price continues to indicate a temperate drop. The most prominent rate of growth was recorded in 2013 when the export price increased by X% y-o-y. In that year, the export prices for plantains attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for plantains failed to regain its momentum.

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 into Saint Lucia

In 2018, approx. X kg of plantains were imported into Saint Lucia; remaining constant against the previous year. Over the period under review, plantain imports continue to indicate a relatively flat trend pattern. Over the period under review, plantain imports reached their maximum at X kg in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, plantain imports totaled $X in 2018. In general, plantain imports continue to indicate a relatively flat trend pattern. Saint Lucia imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. was the largest importing country with an import of around X tons, which finished at X% of total imports. South Africa (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons), the Netherlands (X tons) and Romania (X tons). All these countries together held approx. X% share of total imports. 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) followed a long way behind the leaders.

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. While the share of 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.) increased significantly in terms of the global imports from 2007-2018, the share of Belgium (-X p.p.), Saudi Arabia (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The plantain import price in Saint Lucia stood at $X per ton in 2018, approximately mirroring the previous year. Overall, the plantain import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for plantains attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

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.

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Source: IndexBox Platform