Spain: Plantain Market Overview 2021

Plantain Market Size in Spain

In 2019, the Spanish plantain market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a measured expansion. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.

Plantain Exports

Exports from Spain

In 2019, shipments abroad of plantains increased by X% to X tonnes for the first time since 2013, thus ending a five-year declining trend. Over the period under review, exports continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2014 to 2019, the growth exports remained at a lower figure.

In value terms, plantain exports skyrocketed to $X in 2019. Overall, exports posted a prominent 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 2019, the growth exports remained at a lower figure.

Exports by Country

Italy (X tonnes), Portugal (X tonnes) and Luxembourg (X tonnes) were the main destinations of plantain exports from Spain, together accounting for X% of total exports. Romania, France, Cabo Verde and the Netherlands lagged somewhat behind, together accounting for a further X 2012 to 2019, the biggest increases were in Cabo Verde (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for plantain exports from Spain, comprising X% of total exports. The second position in the ranking was occupied by Luxembourg ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+X% per year) and Portugal (-X% per year).

Export Prices by Country

The average plantain export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the last seven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne, and then reduced modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Romania ($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 Italy, while the prices for the other major destinations experienced a decline.

Plantain Imports

Imports into Spain

In 2019, overseas purchases of plantains increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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 amounted to $X in 2019. In general, total imports indicated prominent growth from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Ecuador (X tonnes) constituted the largest plantain supplier to Spain, accounting for a X% share of total imports. Moreover, plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Colombia (X tonnes), threefold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

From 2012 to 2019, the average annual growth rate of volume from Ecuador stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Belgium (-X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of plantain to Spain, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2019, the average plantain import price amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2019 and is likely to see steady growth in the immediate term.

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

From 2012 to 2019, 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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plantains in the world?

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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. 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 largest producers of plantains in the world?

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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), with a combined 34% share 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 Spain?

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In value terms, Ecuador ($12M) constituted the largest supplier of plantain to Spain, comprising 55% of total imports. The second position in the ranking was occupied by Colombia ($4.2M), with a 19% share of total imports. It was followed by the Netherlands, with a 5.9% share.

What are the leading importers of plantains from Spain?

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In value terms, Italy ($1.6M) remains the key foreign market for plantain exports from Spain, comprising 52% of total exports. The second position in the ranking was occupied by Luxembourg ($583K), with a 19% share of total exports. It was followed by Portugal, with a 13% share.

What is the average export price for plantains in Spain?

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The average plantain export price stood at $1,067 per tonne in 2019, waning by -2.1% against the previous year.

What is the average import price for plantains in Spain?

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In 2019, the average plantain import price amounted to $748 per tonne, growing by 5.1% against the previous year.