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Turkey - Bananas - Market Analysis, Forecast, Size, Trends and Insights
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Turkey: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Turkey

After two years of growth, the Turkish banana and plantain market decreased by -X% to $X in 2020. Over the period under review, consumption, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a lower figure.

Banana And Plantain Production in Turkey

In value terms, banana and plantain production shrank to $X in 2020 estimated in export prices. In general, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% year-to-year. Banana and plantain production peaked at $X in 2019, and then dropped in the following year.

In 2020, the average banana and plantain yield in Turkey stood at X tonnes per ha, with an increase of X% against the year before. Overall, the yield indicated pronounced growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, banana and plantain yield increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2018 when the yield increased by X% y-o-y. Over the period under review, the average banana and plantain yield reached the maximum level in 2020 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of bananas and plantains production in Turkey rose notably to X ha, increasing by X% against the previous year's figure. In general, the harvested area posted strong growth. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. The banana and plantain harvested area peaked in 2020 and is likely to see gradual growth in the immediate term.

Banana And Plantain Exports

Exports from Turkey

In 2020, shipments abroad of bananas and plantains was finally on the rise to reach X tonnes for the first time since 2013, thus ending a six-year declining trend. Over the period under review, exports enjoyed a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, banana and plantain exports soared to $X in 2020. Overall, exports posted a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tonnes), Iran (X tonnes) and Syrian Arab Republic (X tonnes) were the main destinations of banana and plantain exports from Turkey, with a combined X% share of total exports. These countries were followed by Azerbaijan and Cyprus, which together accounted for a further X 2007 to 2020, the biggest increases were in Azerbaijan (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from Turkey were Iraq ($X), Iran ($X) and Syrian Arab Republic ($X), with a combined X% share of total exports. Azerbaijan and Cyprus lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of the value of exports, among 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

The average banana and plantain export price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the export price showed a slight decline. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Iran ($X per tonne) and Iraq ($X per tonne), while the average price for exports to Syrian Arab Republic ($X per tonne) and Azerbaijan ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic, while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Turkey

In 2020, purchases abroad of bananas and plantains increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, banana and plantain imports reduced to $X in 2020. In general, imports saw a measured expansion. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Ecuador (X tonnes) constituted the largest banana and plantain supplier to Turkey, with a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tonnes), sevenfold. The third position in this ranking was occupied by Colombia (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and Colombia (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and Colombia (+X% per year).

Import Prices by Country

In 2020, the average banana and plantain import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Panama ($X per tonne) and Colombia ($X per tonne), while the price for Ecuador ($X per tonne) and Costa Rica ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Panama, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?
+
The country with the largest volume of banana and plantain consumption was India (31M tonnes), comprising approx. 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (14M tonnes), twofold. Indonesia (7.4M tonnes) ranked third in terms of total consumption with a 4.5% share.
What are the largest producers of bananas and plantains in the world?
+
The country with the largest volume of banana and plantain production was India (31M tonnes), accounting for 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The third position in this ranking was occupied by the Philippines (9M tonnes), with a 5.5% share.
What are the leading suppliers of bananas and plantains to Turkey?
+
In value terms, Ecuador ($134M) constituted the largest supplier of banana and plantain to Turkey, comprising 79% of total imports. The second position in the ranking was occupied by Costa Rica ($20M), with a 12% share of total imports. It was followed by Colombia, with a 6.3% share.
What are the leading importers of bananas and plantains from Turkey?
+
In value terms, Iraq ($50M), Iran ($38M) and Syrian Arab Republic ($5.4M) appeared to be the largest markets for banana and plantain exported from Turkey worldwide, with a combined 92% share of total exports. Azerbaijan and Cyprus lagged somewhat behind, together comprising a further 5.8%.
What is the average export price for bananas and plantains in Turkey?
+
The average banana and plantain export price stood at $500 per tonne in 2020, waning by -28% against the previous year.
What is the average import price for bananas and plantains in Turkey?
+
In 2020, the average banana and plantain import price amounted to $456 per tonne, dropping by -6.5% against the previous year.

Product coverage:
• FCL 486 - Bananas
• FCL 489 -

This report provides an in-depth analysis of the banana and plantain market in Turkey. 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:
• Turkey

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Turkey
• 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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