American Samoa: Banana Market 2020

Banana Market Size in American Samoa

The revenue of the banana market in American Samoa amounted to $X in 2018, remaining constant against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the banana market reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Banana Production in American Samoa

In value terms, banana production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. American Samoa banana production peaked at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Average yield of bananas in American Samoa amounted to X ton per ha in 2018, remaining constant against the previous year. Overall, the banana yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when yield increased by X% against the previous year. Over the period under review, the banana yield reached its peak figure level at X ton per ha in 2007; however, from 2008 to 2018, 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.

Banana harvested area in American Samoa totaled X ha in 2018, remaining constant against the previous year. Over the period under review, the banana harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. In that year, the banana harvested area reached its peak level of X ha. From 2011 to 2018, the growth of the banana harvested area failed to regain its momentum.

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) represented the largest exporters of bananas, together achieving 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) followed a long way behind the leaders.

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. From 2007 to 2018, the share of Guatemala, the Netherlands, Mexico and Ecuador increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Ecuador, banana exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Costa Rica (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

The banana export price in American Samoa stood at $X per ton in 2018, approximately equating the previous year. Overall, the banana export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; 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 into American Samoa

In 2018, the imports of bananas into American Samoa totaled X kg, waning by -X% against the previous year. Overall, banana imports continue to indicate a moderate decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. American Samoa imports peaked at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, banana imports stood at $X in 2018. Over the period under review, banana imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, banana imports attained their peak figure at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons) was the main importer of bananas, making up X% of total imports. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%), Belgium (X%), China (X%) and the UK (X%). Japan (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Canada (X tons) and Iran (X tons) held a little share of total imports.

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. While the share of the U.S. (+X p.p.), China (+X p.p.), Russia (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported bananas into American Samoa, comprising X% of global imports. The second position in the ranking was occupied by Belgium ($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. amounted to +X%. In the other countries, the average annual rates were as follows: Belgium (-X% per year) and Russia (+X% per year).

Import Prices by Country

In 2018, the banana import price in American Samoa amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the banana import price, however, continues to indicate conspicuous growth. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. American Samoa import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

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