Bolivia: Banana And Plantain Market 2025

Banana And Plantain Market Size in Bolivia

The Bolivian banana and plantain market reached $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Bolivia

In value terms, banana and plantain production stood at $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 51%. Banana and plantain production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of bananas and plantains in Bolivia totaled X tons per ha in 2022, flattening at 2021 figures. The yield figure increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. The banana and plantain yield peaked at X tons per ha in 2018; however, from 2019 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 banana and plantain harvested area in Bolivia totaled X ha in 2022, flattening at the previous year. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 3.2% against the previous year. The banana and plantain harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from Bolivia

In 2022, banana and plantain exports from Bolivia expanded notably to X tons, increasing by 11% compared with 2021 figures. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 14%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, banana and plantain exports soared to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 28%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for banana and plantain exports from Bolivia, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina amounted to +4.1%.

In value terms, Argentina ($X) also remains the key foreign market for bananas and plantains exports from Bolivia.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled +7.5%.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2020 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +3.2% per year.

Banana And Plantain Imports

Imports into Bolivia

For the third consecutive year, Bolivia recorded growth in overseas purchases of bananas and plantains, which increased by 63,700% to X kg in 2020. Over the period under review, imports, however, saw a abrupt shrinkage. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports skyrocketed to $X in 2020. In general, imports, however, recorded a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the United States (X kg) constituted the largest supplier of banana and plantain to Bolivia, accounting for a 88% share of total imports. Moreover, banana and plantain imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), sevenfold.

From 2012 to 2020, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of bananas and plantains to Bolivia, comprising 99% of total imports. The second position in the ranking was taken by China ($X), with a 0.7% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2020, jumping by 1,122% against the previous year. Overall, the import price showed prominent growth. 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 2020, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+7.5%).

Source: IndexBox Platform