Western Africa: Banana And Plantain Market 2024

Banana And Plantain Market Size in Western Africa

The West African banana and plantain market was estimated at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Banana And Plantain Production in Western Africa

In value terms, banana and plantain production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Ghana (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average banana and plantain yield contracted modestly to X tons per ha in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X% against the previous year. Over the period under review, the banana and plantain yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas and plantains production in Western Africa reduced modestly to X ha, stabilizing at the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2019; afterwards, it flattened through to 2022.

Banana And Plantain Exports

Exports in Western Africa

In 2022, exports of bananas and plantains in Western Africa contracted notably to X tons, waning by X% compared with the year before. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the major exporter of bananas and plantains, creating X% of total exports. It was distantly followed by Ghana (X tons), constituting an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to banana and plantain exports from Cote d'Ivoire stood at X%. Ghana experienced a relatively flat trend pattern. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest banana and plantain supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Banana And Plantain Imports

Imports in Western Africa

After six years of growth, purchases abroad of bananas and plantains decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, banana and plantain imports shrank markedly to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Senegal (X tons) was the key importer of bananas and plantains, committing X% of total imports. Mali (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Burkina Faso (X%) and Mauritania (X%). Niger (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to banana and plantain imports into Senegal stood at X%. At the same time, Mali (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Niger (X%), Mauritania (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.), Senegal (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Niger (X p.p.), Nigeria (X p.p.) and Mauritania (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) constitutes the largest market for imported bananas and plantains in Western Africa, comprising X% of total imports. The second position in the ranking was held by Mali ($X), with a X% share of total imports. It was followed by Mauritania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Mali (X% per year) and Mauritania (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :