Cote d'Ivoire: Banana Market 2024

Banana Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's banana market decreased by -39.3% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Banana Production in Cote d'Ivoire

In value terms, banana production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 92%. Banana production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of bananas in Cote d'Ivoire fell to X tons per ha in 2022, shrinking by -11.9% against the previous year's figure. Over the period under review, the yield recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when the yield increased by 61%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average banana 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 harvested area in Cote d'Ivoire stood at X ha in 2022, stabilizing at the previous year's figure. Over the period under review, the harvested area recorded a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 86%. The banana harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Banana Exports

Exports from Cote d'Ivoire

In 2022, exports of bananas from Cote d'Ivoire contracted modestly to X tons, remaining stable against 2021 figures. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 95%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, banana exports declined to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 102% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for banana exports from Cote d'Ivoire, accounting for a 66% share of total exports. Moreover, banana exports to France exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. Senegal (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.1% per year) and Senegal (+16.9% per year).

In value terms, France ($X) remains the key foreign market for bananas exports from Cote d'Ivoire, comprising 73% of total exports. The second position in the ranking was held by the UK ($X), with a 9.5% share of total exports. It was followed by Senegal, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.0% per year) and Senegal (+20.6% per year).

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 9%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mali ($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 Mali (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Banana Imports

Imports into Cote d'Ivoire

In 2022, overseas purchases of bananas decreased by -26.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2016 with an increase of 149%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, banana imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Morocco (X tons) constituted the largest banana supplier to Cote d'Ivoire, with a 71% share of total imports. Moreover, banana imports from Morocco exceeded the figures recorded by the second-largest supplier, France (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume from Morocco was relatively modest.

In value terms, Morocco ($X) constituted the largest supplier of bananas to Cote d'Ivoire, comprising 75% of total imports. The second position in the ranking was held by France ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Morocco was relatively modest.

Import Prices by Country

In 2022, the average banana import price amounted to $X per ton, growing by 88% against the previous year. In general, the import price, however, saw a perceptible descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-6.4%).

Source: IndexBox Platform