Wallis and Futuna Islands: Banana Market 2020

Banana Market Size in Wallis and Futuna Islands

The revenue of the banana market in Wallis and Futuna Islands amounted to $X in 2018, remaining stable against the previous year. Overall, the total market indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, banana consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the banana market reached its peak figure level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Banana Production in Wallis and Futuna Islands

In value terms, banana production stood at $X in 2018 estimated in export prices. Overall, banana production continues to indicate a relatively flat trend pattern. Over the period under review, banana production attained its maximum level at $X in 2016; however, from 2017 to 2018, production failed to regain its momentum.

Average yield of bananas in Wallis and Futuna Islands totaled X ton per ha in 2018, going up by X% against the previous year. Overall, the yield indicated prominent growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, banana yield increased by +X% against 2007 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the banana yield reached its peak figure level in 2018 and is expected to retain its 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.

Banana harvested area in Wallis and Futuna Islands totaled X ha in 2018, remaining constant against the previous year. Over the period under review, the banana harvested area continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2013 when harvested area increased by X% year-to-year. The global banana harvested area peaked at X ha in 2011; however, from 2012 to 2018, harvested area remained at a lower figure.

Banana Exports

Exports by Country

In 2018, Ecuador (X tons), distantly followed by Costa Rica (X tons), Guatemala (X tons), the Philippines (X tons), Colombia (X tons) and Belgium (X tons) were the major exporters of bananas, together generating X% of total exports. The Netherlands (X tons), Honduras (X tons), the U.S. (X tons), Mexico (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) occupied a minor share of total exports.

Ecuador experienced a relatively flat trend pattern of bananas exports. At the same time, Mexico (+X%), the Netherlands (+X%), Guatemala (+X%), Cote d'Ivoire (+X%), Cameroon (+X%), the U.S. (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Honduras, Colombia, Costa Rica and the Philippines experienced a relatively flat trend pattern. While the share of Guatemala (+X p.p.), the Netherlands (+X p.p.), Mexico (+X p.p.) and Ecuador (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest banana supplier from Wallis and Futuna Islands, comprising X% of global exports. The second position in the ranking was occupied by Costa Rica ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

In Ecuador, banana exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

In 2018, the banana export price in Wallis and Futuna Islands amounted to $X per ton, flattening at the previous year. Overall, the banana export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for bananas reached their maximum at $X per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Cameroon, while the other leaders experienced more modest paces of growth.

Banana Imports

Imports by Country

In 2018, the U.S. (X tons) was the main importer of bananas, comprising X% of total imports. Russia (X tons) occupied the second position in the ranking, followed by Germany (X tons), Belgium (X tons), China (X tons) and the UK (X tons). All these countries together held near X% share of total imports. Japan (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Canada (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to banana imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), Iran (+X%), Russia (+X%), France (+X%), Canada (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK, Belgium, Japan and Germany experienced a relatively flat trend pattern. The U.S. (+X p.p.), China (+X p.p.), Russia (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported bananas into Wallis and Futuna Islands, comprising X% of global imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Russia (+X% per year).

Import Prices by Country

The banana import price in Wallis and Futuna Islands stood at $X per ton in 2018, remaining constant against the previous year. Over the period under review, the banana import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for bananas attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform