Brazil: Plantain Market 2024

Plantain Market Size in Brazil

The Brazilian plantain market shrank significantly to $X in 2022, dropping by X% against the previous year. Overall, the total consumption indicated a modest 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. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Plantain Production in Brazil

In value terms, plantain production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Plantain production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average plantain yield in Brazil totaled less than X kg per ha, approximately mirroring the previous year's figure. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of plantains production in Brazil was estimated at less than X ha, approximately equating 2021 figures. In general, the harvested area showed a relatively flat trend pattern.

Plantain Exports

Exports from Brazil

In 2022, the amount of plantains exported from Brazil skyrocketed to X tons, increasing by X% compared with 2021. Over the period under review, exports continue to indicate a tangible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plantain exports reached $X in 2022. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons) was the main destination for plantain exports from Brazil, with a X% share of total exports. It was followed by Marshall Islands (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Uruguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (X% per year) and Poland (X% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for plantains exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Marshall Islands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average plantain export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

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

Plantain Imports

Imports into Brazil

In 2021, the amount of plantains imported into Brazil was estimated at X tons, approximately equating 2020. Overall, imports recorded a tangible increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, plantain imports stood at $X in 2021. Over the period under review, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest plantain supplier to Brazil, with a X% share of total imports. Moreover, plantain imports from the United States exceeded the figures recorded by the second-largest supplier, Ecuador (X kg), ninefold.

From 2013 to 2021, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) and Ecuador ($X) were the largest plantain suppliers to Brazil.

Among the main suppliers, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average plantain import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for the United States stood at $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Source: IndexBox Platform

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