Asia: Plantain Market 2024

Plantain Market Size in Asia

In 2022, the Asian 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 peak level at $X in 2021, and then reduced in the following year.

Plantain Production in Asia

In value terms, plantain production declined to $X in 2022 estimated in export price. The total output 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. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then fell 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. The third position in this ranking was taken by Sri Lanka (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the Philippines was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Myanmar (X% per year) and Sri Lanka (X% per year).

The average plantain yield fell modestly to X tons per ha in 2022, remaining constant against 2021. Over the period under review, the yield recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 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 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.

The plantain harvested area totaled X ha in 2022, stabilizing at 2021 figures. In general, the harvested area continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to plantain production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Plantain Exports

Exports in Asia

In 2022, approx. X tons of plantains were exported in Asia; waning by X% compared with the previous year. Over the period under review, exports saw a abrupt slump. 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 failed to regain momentum.

In value terms, plantain exports dropped significantly to $X in 2022. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons), the United Arab Emirates (X tons) and Indonesia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Lebanon (X tons) and Cambodia (X tons), together mixing up a X% share of total exports. The Philippines (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plantain supplying countries in Asia were the United Arab Emirates ($X), Sri Lanka ($X) and Lebanon ($X), together comprising X% of total exports. Indonesia, Cambodia, the Philippines and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of origin: 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 Lebanon (X%), while the other leaders experienced more modest paces of growth.

Plantain Imports

Imports in Asia

In 2022, approx. X tons of plantains were imported in Asia; surging by X% on the previous year's figure. Total imports indicated a noticeable expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, plantain imports skyrocketed to $X in 2022. Total imports indicated a remarkable increase 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Palestine (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Bahrain (X tons) and Saudi Arabia (X tons), together committing a X% share of total imports. The following importers - Brunei Darussalam (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), the United Arab Emirates ($X) and Palestine ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Bahrain, Saudi Arabia, Brunei Darussalam and Oman lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Brunei Darussalam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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 Bahrain ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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