Spain: Plantain Market Overview 2021

Plantain Market Size in Spain

In 2020, the Spanish plantain market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption saw strong growth. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. Plantain consumption peaked in 2020 and is expected to retain growth in the immediate term.

Plantain Exports

Exports from Spain

In 2020, shipments abroad of plantains increased by X% to X tonnes, rising for the second year in a row after five years of decline. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2014 to 2020, the growth exports remained at a lower figure.

In value terms, plantain exports surged to $X in 2020. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2014 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Portugal (X tonnes) was the main destination for plantain exports from Spain, with a X% share of total exports. Moreover, plantain exports to Portugal exceeded the volume sent to the second major destination, France (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Portugal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (+X% per year).

In value terms, Portugal ($X), France ($X) and Italy ($X) were the largest markets for plantain exported from Spain worldwide, together accounting for X% of total exports. Romania and Morocco lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average plantain export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average export prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.

Plantain Imports

Imports into Spain

In 2020, supplies from abroad of plantains increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, plantain imports surged to $X in 2020. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in years to come.

Imports by Country

Ecuador (X tonnes), Colombia (X tonnes) and Costa Rica (X tonnes) were the main suppliers of plantain imports to Spain, together comprising X% of total imports. These countries were followed by the Netherlands, Portugal, Belgium and Cote d'Ivoire, which together accounted for a further X 2012 to 2020, the biggest increases were in Cote d'Ivoire (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plantain suppliers to Spain were Ecuador ($X), Colombia ($X) and Costa Rica ($X), together accounting for X% of total imports. The Netherlands, Portugal, Belgium and Cote d'Ivoire lagged somewhat behind, together comprising a further X the main suppliers, Cote d'Ivoire (+X% per year) saw the highest growth rate of 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

In 2020, the average plantain import price amounted to $X per tonne, increasing by X% against the previous year. Over the last eight-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. The import price peaked in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Cote d'Ivoire ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform