ASEAN: Plantain Market 2025

Plantain Market Size in ASEAN

In 2022, the ASEAN plantain market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Plantain Production in ASEAN

In value terms, plantain production fell to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2021, and then dropped in the following year.

The country with the largest volume of plantain production was the Philippines (X tons), accounting for X% of total volume. Moreover, plantain production in the Philippines exceeded the figures recorded by the second-largest producer, Myanmar (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume in the Philippines was relatively modest.

In 2022, the average yield of plantains in ASEAN reduced slightly to X tons per ha, stabilizing at the previous year. In general, the yield showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 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.

The plantain harvested area declined to X ha in 2022, approximately reflecting the year before. In general, the harvested area, however, saw a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of harvested area peaked at X ha in 2021, and then declined slightly in the following year.

Plantain Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded decline in shipments abroad of plantains, which decreased by X% to X tons in 2022. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plantain exports shrank notably to $X in 2022. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Cambodia (X tons) and the Philippines (X tons), together committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plantain exports from Indonesia stood at X%. At the same time, Cambodia (X.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X.2% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (X p.p.) displayed negative dynamics.

In value terms, the largest plantain supplying countries in ASEAN were Indonesia ($X), Cambodia ($X) and the Philippines ($X), together accounting for X% of total exports.

Among the main exporting countries, Cambodia, with a CAGR of X.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a pronounced slump. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then reduced sharply in the following year.

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 the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

Plantain Imports

Imports in ASEAN

In 2022, plantain imports in ASEAN dropped to X tons, declining by X% on the year before. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plantain imports rose significantly to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Brunei Darussalam dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Singapore (X tons), creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plantain imports into Brunei Darussalam stood at X%. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Brunei Darussalam and Singapore increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brunei Darussalam ($X) constitutes the largest market for imported plantains in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports.

In Brunei Darussalam, plantain imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the import price saw measured growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brunei Darussalam ($X per ton), while Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%).

Source: IndexBox Platform