Equatorial Guinea: Plantain Market 2020

Plantain Market Size in Equatorial Guinea

The revenue of the plantain market in Equatorial Guinea amounted to $X in 2018, stabilizing at the previous year. Over the period under review, plantain consumption continues to indicate a deep setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Equatorial Guinea plantain consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Plantain Production in Equatorial Guinea

In value terms, plantain production stood at $X in 2018 estimated in export prices. Over the period under review, plantain production continues to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, plantain production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Average yield of plantains in Equatorial Guinea stood at X ton per ha in 2018, remaining constant against the previous year. Over the period under review, the plantain yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when yield increased by X% against the previous year. The global plantain yield peaked in 2018 and is likely to continue its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of plantains were harvested in Equatorial Guinea; flattening at the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to plantain production reached its maximum in 2018 and is expected to retain its growth in the near future.

Plantain Exports

Exports from Equatorial Guinea

In 2018, approx. X tons of plantains were exported from Equatorial Guinea; picking up by X% against the previous year. In general, plantain exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Equatorial Guinea exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, plantain exports stood at $X in 2018. Overall, plantain exports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Equatorial Guinea exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, the Philippines (X tons), Guatemala (X tons) and Ecuador (X tons) represented the major exporters of plantains in the world, creating X% of total export. The Dominican Republic (X tons) ranks next in terms of the total exports with a X% share, followed by Colombia (X%). Mozambique (X tons), Nicaragua (X tons), Cote d'Ivoire (X tons), the Netherlands (X tons), the U.S. (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Equatorial Guinea, while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. The Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua, Mozambique and Equatorial Guinea lagged somewhat behind, together accounting for a further X terms of the main exporting countries, the Netherlands recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the plantain export price in Equatorial Guinea amounted to $X per ton, going down by -X% against the previous year. Overall, the plantain export price continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2016 a decrease of -X% y-o-y. Equatorial Guinea export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the other leaders experienced more modest paces of growth.

Plantain Imports

Imports into Equatorial Guinea

Plantain imports into Equatorial Guinea totaled X kg in 2018, approximately mirroring the previous year. Overall, plantain imports continue to indicate a relatively flat trend pattern. Equatorial Guinea imports peaked at X kg in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, plantain imports totaled $X in 2018. Over the period under review, plantain imports continue to indicate a relatively flat trend pattern. Equatorial Guinea imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons) represented the key importer of plantains, generating X% of total imports. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%), the Netherlands (X%) and Romania (X%). The United Arab Emirates (X tons), the UK (X tons), Belgium (X tons), France (X tons), Senegal (X tons), Poland (X tons) and Macedonia (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to plantain imports into the U.S. stood at +X%. At the same time, the United Arab Emirates (+X%), Senegal (+X%), Romania (+X%), South Africa (+X%), the UK (+X%), Macedonia (+X%), Poland (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Saudi Arabia (-X%), Belgium (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), South Africa (+X p.p.), Romania (+X p.p.), the United Arab Emirates (+X p.p.), Senegal (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Belgium (-X p.p.), Saudi Arabia (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported plantains into Equatorial Guinea, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The plantain import price in Equatorial Guinea stood at $X per ton in 2018, flattening at the previous year. In general, the plantain import price continues to indicate a relatively flat trend pattern. Equatorial Guinea import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform