Egypt: Banana And Plantain Market 2024

Banana And Plantain Market Size in Egypt

In 2021, the Egyptian banana and plantain market increased by 10% to $X, rising for the second year in a row after six years of decline. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.0% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Banana And Plantain Production in Egypt

In value terms, banana and plantain production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. Banana and plantain production peaked in 2021 and is likely to continue growth in years to come.

In 2021, the average yield of bananas and plantains in Egypt declined slightly to X tons per ha, approximately equating the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 4.2% against the previous year. The banana and plantain yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the 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 2021, the banana and plantain harvested area in Egypt contracted slightly to X ha, approximately mirroring the year before. The harvested area increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the harvested area increased by 9%. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure at X ha in 2020, and then reduced modestly in the following year.

Banana And Plantain Exports

Exports from Egypt

In 2022, shipments abroad of bananas and plantains decreased by -27.4% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 212%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports reduced to $X in 2022. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 137%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X tons) was the main destination for banana and plantain exports from Egypt, with a 70% share of total exports. Moreover, banana and plantain exports to Jordan exceeded the volume sent to the second major destination, Palestine (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Jordan totaled -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+52.0% per year) and Tunisia (-14.1% per year).

In value terms, Jordan ($X) remains the key foreign market for bananas and plantains exports from Egypt, comprising 70% of total exports. The second position in the ranking was held by Palestine ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Jordan stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+119.9% per year) and Tunisia (-16.1% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, with an increase of 24% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana and plantain export price increased by +107.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 49%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to Tunisia ($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 Palestine (+44.6%), while the prices for the other major destinations experienced mixed trend patterns.

Banana And Plantain Imports

Imports into Egypt

After four years of growth, purchases abroad of bananas and plantains decreased by -53% to X tons in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 503%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, banana and plantain imports plummeted to $X in 2022. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 197% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of banana and plantain to Egypt, accounting for a 88% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Ecuador amounted to -15.9%.

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Egypt, comprising 88% of total imports. The second position in the ranking was held by Costa Rica ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Ecuador stood at -16.4%.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, flattening at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 425% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Ecuador ($X per ton), while the price for Costa Rica amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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