Western Africa: Plantain Market 2024

Plantain Market Size in Western Africa

In 2022, after three years of growth, there was significant decline in the West African plantain market, when its value decreased by X% to $X. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then reduced remarkably in the following year.

Plantain Production in Western Africa

In value terms, plantain production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a slight setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat 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), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of plantains in Western Africa reached X tons per ha, therefore, remained relatively stable against 2021. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the plantain yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a 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, approx. X ha of plantains were harvested in Western Africa; standing approx. at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to plantain production attained the maximum at X ha in 2021, and then reduced in the following year.

Plantain Exports

Exports in Western Africa

In 2022, approx. X tons of plantains were exported in Western Africa; falling by X% against 2021 figures. Overall, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, plantain exports contracted rapidly to $X in 2022. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plantain exports from Cote d'Ivoire stood at X%. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Burkina Faso increased by X percentage points.

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

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

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, falling by X% against the previous year. In general, the export price faced a deep contraction. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso totaled $X per ton.

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

Plantain Imports

Imports in Western Africa

Plantain imports shrank to X tons in 2022, which is down by X% on 2021. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X,861%. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, plantain imports reduced to $X in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X,289% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Senegal was the largest importer of plantains in Western Africa, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Burkina Faso (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritania (X%) and Niger (X%). Mali (X tons) held a relatively small share of total imports.

Imports into Senegal increased at an average annual rate of X% from 2013 to 2022. At the same time, Mali (X%), Mauritania (X%), Niger (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 2013-2022. Senegal (X p.p.), Burkina Faso (X p.p.), Mauritania (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2013 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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 Mali ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :