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

Banana And Plantain Market Size in Venezuela

In 2020, after two years of growth, there was significant decline in the Venezuelan banana and plantain market, when its value decreased by -X% to $X. Overall, consumption enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then shrank sharply in the following year.

Banana And Plantain Production in Venezuela

In value terms, banana and plantain production contracted remarkably to $X in 2020 estimated in export prices. Over the period under review, production saw a buoyant expansion. The pace of growth was the most pronounced in 2009 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2019, and then fell notably in the following year.

The average yield of bananas and plantains in Venezuela reached X tonnes per ha in 2020, growing by X% against the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2012 when the yield increased by X% year-to-year. The banana and plantain yield peaked in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of bananas and plantains were harvested in Venezuela; surging by X% compared with the previous year's figure. The harvested area increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when the harvested area increased by X% y-o-y. The banana and plantain harvested area peaked in 2020 and is expected to retain growth in years to come.

Banana And Plantain Exports

Exports from Venezuela

In 2020, overseas shipments of bananas and plantains were finally on the rise to reach X tonnes after two years of decline. Overall, exports continue to indicate a perceptible increase. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, banana and plantain exports soared to $X in 2020. Over the period under review, exports enjoyed resilient growth. Over the period under review, exports attained the maximum at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Aruba (X tonnes) was the main destination for banana and plantain exports from Venezuela, with a X% share of total exports. Moreover, banana and plantain exports to Aruba exceeded the volume sent to the second major destination, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Aruba totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Colombia (+X% per year).

In value terms, Aruba ($X) remains the key foreign market for banana and plantain exports from Venezuela, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Aruba stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Colombia (+X% per year).

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the export price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2011 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Aruba, while the prices for the other major destinations experienced mixed trend patterns.

Banana And Plantain Imports

Imports into Venezuela

In 2020, purchases abroad of bananas and plantains decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. In general, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, banana and plantain imports declined significantly to $X in 2020. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Costa Rica (X tonnes) was the main supplier of banana and plantain to Venezuela, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Costa Rica totaled +X%.

In value terms, Costa Rica ($X) constituted the largest supplier of banana and plantain to Venezuela.

From 2007 to 2020, the average annual growth rate of value from Costa Rica amounted to +X%.

Import Prices by Country

In 2020, the average banana and plantain import price amounted to $X per tonne, approximately reflecting the previous year. In general, the import price saw a noticeable expansion. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Costa Rica.

From 2007 to 2020, the rate of growth in terms of prices for Costa Rica amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?
+
India (31M tonnes) remains the largest banana and plantain consuming country worldwide, 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. The third position in this ranking was occupied by Indonesia (7.4M tonnes), with a 4.5% share.
What are the largest producers of bananas and plantains in the world?
+
India (31M tonnes) constituted the country with the largest volume of banana and plantain production, comprising approx. 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 Philippines (9M tonnes) ranked third in terms of total production with a 5.5% share.
What are the leading suppliers of bananas and plantains to Venezuela?
+
In value terms, Costa Rica ($17K) constituted the largest supplier of banana and plantain to Venezuela.
What are the leading importers of bananas and plantains from Venezuela?
+
In value terms, Aruba ($547K) remains the key foreign market for banana and plantain exports from Venezuela, comprising 86% of total exports. The second position in the ranking was occupied by the U.S. ($90K), with a 14% share of total exports.
What is the average export price for bananas and plantains in Venezuela?
+
In 2020, the average banana and plantain export price amounted to $572 per tonne, which is down by -23.3% against the previous year.
What is the average import price for bananas and plantains in Venezuela?
+
The average banana and plantain import price stood at $410 per tonne in 2020, approximately mirroring the previous year.

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

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Venezuela
• 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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