Colombia: Banana And Plantain Market 2025

Banana And Plantain Market Size in Colombia

The Colombian banana and plantain market dropped modestly to $X in 2022, reducing by -4.5% against the previous year. In general, consumption recorded a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Colombia

In value terms, banana and plantain production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. Banana and plantain production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of bananas and plantains in Colombia totaled X tons per ha in 2022, almost unchanged from 2021. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 6.5%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average banana and plantain yield remained 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 2022, the harvested area of bananas and plantains in Colombia dropped to X ha, standing approx. at 2021. Over the period under review, the harvested area continues to indicate a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. The banana and plantain harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Banana And Plantain Exports

Exports from Colombia

For the fourth consecutive year, Colombia recorded growth in shipments abroad of bananas and plantains, which increased by 1.8% to X tons in 2022. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 16%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, banana and plantain exports rose modestly to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons), the United States (X tons) and the UK (X tons) were the main destinations of banana and plantain exports from Colombia, together comprising 49% of total exports. Italy, Germany, the Netherlands and Poland lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +66.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from Colombia were Belgium ($X), the United States ($X) and the UK ($X), together comprising 50% of total exports. Italy, Germany, the Netherlands and Poland lagged somewhat behind, together accounting for a further 31%.

Poland, with a CAGR of +68.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, rising by 2.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 3.8%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Poland ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Colombia

Banana and plantain imports into Colombia dropped dramatically to X tons in 2022, waning by -87.8% compared with the previous year. In general, imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2014 when imports increased by 179%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports dropped remarkably to $X in 2022. Overall, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2014 with an increase of 185% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main banana and plantain supplier to Colombia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ecuador stood at -30.1%.

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Colombia.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador amounted to -29.3%.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, reducing by -14.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +1.1% per year.

Source: IndexBox Platform

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