Argentina: Banana And Plantain Market 2025

Banana And Plantain Market Size in Argentina

In 2022, the Argentinian banana and plantain market increased by 16% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.4% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Banana And Plantain Production in Argentina

In value terms, banana and plantain production rose markedly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 72% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average yield of bananas and plantains in Argentina shrank slightly to X tons per ha, approximately mirroring 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 0.1%. Over the period under review, the average banana and plantain yield hit record highs at X tons per ha in 2017; afterwards, it flattened through to 2022. 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 bananas and plantains were harvested in Argentina; standing approx. at the previous year's figure. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 0.3% against the previous year. The banana and plantain harvested area peaked at X ha in 2021, and then declined modestly in the following year.

Banana And Plantain Exports

Exports from Argentina

After two years of decline, overseas shipments of bananas and plantains increased by 35% to X tons in 2022. Over the period under review, exports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of 554% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, banana and plantain exports dropped to $X in 2022. Overall, exports, however, saw a pronounced decline. The growth pace was the most rapid in 2019 with an increase of 808% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for banana and plantain exports from Argentina, accounting for a 84% share of total exports. Moreover, banana and plantain exports to Germany exceeded the volume sent to the second major destination, Paraguay (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +202.3%.

In value terms, Germany ($X) remains the key foreign market for bananas and plantains exports from Argentina, comprising 97% of total exports. The second position in the ranking was held by Paraguay ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +153.0%.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, falling by -31% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 197% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Paraguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.5%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Argentina

In 2022, after two years of growth, there was decline in overseas purchases of bananas and plantains, when their volume decreased by -2.2% to X tons. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, banana and plantain imports soared to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 27%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of banana and plantain to Argentina, accounting for a 58% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+3.2% per year) and Brazil (+9.1% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Argentina, comprising 69% of total imports. The second position in the ranking was taken by Bolivia ($X), with an 18% share of total imports. It was followed by Brazil, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+8.5% per year) and Brazil (+16.8% per year).

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, increasing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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