
Singapore - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Plantain Market Overview 2021
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Plantain Market Size in Singapore
After two years of growth, the Singaporean plantain market decreased by -X% to $X in 2019. Overall, consumption faced a abrupt setback. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Plantain consumption peaked at $X in 2018, and then contracted rapidly in the following year.
Plantain Exports
Exports from Singapore
After six years of decline, overseas shipments of plantains increased by X% to X tonnes in 2019. In general, exports, however, recorded a pronounced descent. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.
In value terms, plantain exports skyrocketed to $X in 2019. Overall, exports, however, showed a relatively flat trend pattern. As a result, exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Malaysia (X tonnes) was the main destination for plantain exports from Singapore, accounting for a approx. X% share of total exports.
From 2012 to 2019, the average annual growth rate of volume to Malaysia was relatively modest.
In value terms, Malaysia ($X) also remains the key foreign market for plantain exports from Singapore.
From 2012 to 2019, the average annual growth rate of value to Malaysia amounted to +X%.
Export Prices by Country
In 2019, the average plantain export price amounted to $X per tonne, jumping by X% against the previous year. Overall, the export price posted notable growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2019, the rate of growth in terms of prices for Malaysia amounted to +X% per year.
Plantain Imports
Imports into Singapore
In 2019, after two years of growth, there was significant decline in supplies from abroad of plantains, when their volume decreased by -X% to X tonnes. In general, imports showed a significant decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2016 to 2019, the growth imports failed to regain the momentum.
In value terms, plantain imports reduced remarkably to $X in 2019. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2018, and then shrank sharply in the following year.
Imports by Country
The Philippines (X tonnes), Indonesia (X tonnes) and Malaysia (X tonnes) were the main suppliers of plantain imports to Singapore, with a combined X% share of total imports.
From 2012 to 2019, the biggest increases were in the Philippines (+X% per year), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Philippines ($X) constituted the largest supplier of plantain to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.
From 2012 to 2019, the average annual rate of growth in terms of value from the Philippines totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Malaysia (+X% per year).
Import Prices by Country
In 2019, the average plantain import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price saw resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure in 2019 and is likely to continue growth in years to come.
Prices varied noticeably by the country of origin; the country with the highest price was the Philippines ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.
From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced mixed trend patterns.
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), together accounting for 35% 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. 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 leading suppliers of plantains to Singapore?+
In value terms, the Philippines ($7.4K) constituted the largest supplier of plantain to Singapore, comprising 63% of total imports. The second position in the ranking was occupied by Indonesia ($2.8K), with a 24% share of total imports. It was followed by Malaysia, with a 5.3% share.
What are the leading importers of plantains from Singapore?+
In value terms, Malaysia ($1.3K) remains the key foreign market for plantain exports from Singapore.
What is the average export price for plantains in Singapore?+
The average plantain export price stood at $917 per tonne in 2019, increasing by 55% against the previous year.
What is the average import price for plantains in Singapore?+
The average plantain import price stood at $1,277 per tonne in 2019, growing by 35% against the previous year.
This report provides an in-depth analysis of the plantain market in Singapore. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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