Bahamas: Plantain Market 2020

Plantain Market Size in Bahamas

The revenue of the plantain market in Bahamas amounted to $X in 2018, going down by -X% against the previous year. Overall, the total market indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, plantain consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the plantain market reached its peak figure level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Plantain Production in Bahamas

In value terms, plantain production amounted to $X in 2018 estimated in export prices. In general, plantain production continues to indicate a relatively flat trend pattern. Over the period under review, plantain production reached its maximum level at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Average yield of plantains in Bahamas totaled X ton per ha in 2018, approximately equating the previous year. Over the period under review, the plantain yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when yield increased by X% year-to-year. Over the period under review, the plantain yield attained its maximum 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.

In 2018, the plantain harvested area in Bahamas amounted to X ha, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to plantain production attained its peak figure in 2018 and is likely to continue its growth in the immediate term.

Plantain Exports

Exports from Bahamas

In 2018, approx. X kg of plantains were exported from Bahamas; remaining constant against the previous year. Over the period under review, plantain exports continue to indicate a relatively flat trend pattern. Bahamas exports peaked at X kg in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, plantain exports totaled $X in 2018. Overall, plantain exports continue to indicate a relatively flat trend pattern. Bahamas exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

The Philippines (X tons), Guatemala (X tons) and Ecuador (X tons) represented roughly X% of total exports of plantains in 2018. The Dominican Republic (X tons) ranks next in terms of the total exports with a X% share, followed by Colombia (X%). Mozambique (X tons), Nicaragua (X tons), Cote d'Ivoire (X tons), the Netherlands (X tons), the U.S. (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest plantain markets from Bahamas were the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X), with a combined X% share of total exports. The Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua and Mozambique lagged somewhat behind, together comprising a further X terms of the main exporting countries, the Netherlands recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The plantain export price in Bahamas stood at $X per ton in 2018, approximately equating the previous year. Overall, the plantain export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for plantains reached their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the other leaders experienced more modest paces of growth.

Plantain Imports

Imports into Bahamas

In 2018, the imports of plantains into Bahamas totaled X tons, picking up by X% against the previous year. Over the period under review, plantain imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, plantain imports reached their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, plantain imports stood at $X in 2018. In general, plantain imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, plantain imports attained their peak figure at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. represented the major importing country with an import of about X tons, which finished at X% of total imports. South Africa (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Saudi Arabia (X%), the Netherlands (X%) and Romania (X%). The United Arab Emirates (X tons), the UK (X tons), Belgium (X tons), France (X tons), Senegal (X tons), Poland (X tons) and Macedonia (X tons) held a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to plantain imports into the U.S. stood at +X%. At the same time, the United Arab Emirates (+X%), Senegal (+X%), Romania (+X%), South Africa (+X%), the UK (+X%), Macedonia (+X%), Poland (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Saudi Arabia (-X%), Belgium (-X%) and France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), South Africa (+X p.p.), Romania (+X p.p.), the United Arab Emirates (+X p.p.), Senegal (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while Belgium, Saudi Arabia and France saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported plantains into Bahamas, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In the U.S., plantain imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The plantain import price in Bahamas stood at $X per ton in 2018, declining by -X% against the previous year. Over the period under review, the plantain import price continues to indicate a temperate downturn. The growth pace was the most rapid in 2017 when the import price increased by X% y-o-y. Bahamas import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform