U.S. - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlantain Prices in the United States
U.S. Plantain Import Price per Ton in August 2022
In August 2022, the plantain price per ton amounted to $556.6 (CIF, US), rising by 2.7% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in July 2022 an increase of 5.2% against the previous month. Over the period under review, average import prices attained the maximum in August 2022.
Average prices varied somewhat amongst the major supplying countries. In August 2022, the countries with the highest prices were Colombia ($668.0 per ton) and Mexico ($665.0 per ton), while the price for Guatemala ($509.0 per ton) and Ecuador ($590.0 per ton) were amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Plantain Imports
After two months of decline, supplies from abroad of plantains increased by 9.8% to 32K tons in August 2022. The total import volume increased at an average monthly rate of +1.4% from January 2022 to August 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in May 2022 when imports increased by 15% m-o-m. As a result, imports attained the peak of 37K tons. From June 2022 to August 2022, the growth of imports remained at a somewhat lower figure.
In value terms, plantain imports amounted to $18M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +2.5% over the period from January 2022 to August 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when imports increased by 18% against the previous month.
U.S. Plantain Imports by Country
In August 2022, Guatemala (18K tons) constituted the largest supplier of plantain to the United States, with a 57% share of total imports. Moreover, plantain imports from Guatemala exceeded the figures recorded by the second-largest supplier, Ecuador (8K tons), twofold. Colombia (4K tons) ranked third in terms of total imports with a 12% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Guatemala totaled +2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Ecuador (-2.1% per month) and Colombia (+2.1% per month).
In value terms, the largest plantain suppliers to the United States were Guatemala ($9.4M), Ecuador ($4.7M) and Colombia ($2.7M), together comprising 93% of total imports. Mexico lagged somewhat behind, comprising a further 4.7%.
In terms of the main suppliers, Mexico, with a CAGR of +9.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the plantain market in the U.S.. 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 2030.
Product coverage:
- FCL 489 - Plantains
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In August 2022, the plantain price per ton amounted to $556.6 (CIF, US), with an increase of 2.7% against the previous month.
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The plantain price per ton stood at $512 (CIF, US) per ton in Apr 2022, shrinking by -1.6% against the previous month.
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The cost of bananas in the US reached their peak $494 in April 2022 and it is expected to keep growing.
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Explore the top import markets for plantain and discover the countries with the highest import values. Find out key statistics and market insights using data from the IndexBox market intelligence platform.
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Global plantain imports continue a two-year downward trend, decreasing by -15.1% y-o-y to 958K tons in 2020. While El Salvador, the second-largest importer worldwide, reduces the purchases from abroad, American and European imports steadily grow. In physical terms, supplies to the U.S. jumped by +7.6% y-o-y to 406K tons. European imports increased by +1.2% y-o-y, reaching 274K tons last year. In 2020, the average plantain import price rose slightly by +1.8% y-o-y.
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Global plantain consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
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Ecuador dominates in the global plantain trade. In 2014, Ecuador exported X million tons of plantains totaling X million USD, X% over the previous year. Its primary trading partner was the Russian Federation, where it supplied X% of its total p
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