Ethiopia: Banana And Plantain Market 2024

Banana And Plantain Market Size in Ethiopia

The Ethiopian banana and plantain market reached $X in 2022, with an increase of 3.1% against the previous year. In general, consumption posted strong growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Banana And Plantain Production in Ethiopia

In value terms, banana and plantain production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by 183% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The average yield of bananas and plantains in Ethiopia contracted modestly to X tons per ha in 2022, waning by -2.4% on the previous year's figure. The yield figure increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the yield increased by 17%. Over the period under review, the average banana and plantain yield attained the maximum level at X tons per ha in 2021, and then reduced slightly in the following year. 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 Ethiopia reached X ha, increasing by 5.4% on the year before. In general, the harvested area saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the banana and plantain harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from Ethiopia

In 2022, shipments abroad of bananas and plantains increased by 25% to X tons, rising for the sixth consecutive year after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 3,004%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, banana and plantain exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 2,802% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Somalia (X tons) and Djibouti (X tons) were the main destinations of banana and plantain exports from Ethiopia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of +102.4%).

In value terms, Somalia ($X) remains the key foreign market for bananas and plantains exports from Ethiopia, comprising 76% of total exports. The second position in the ranking was taken by Djibouti ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Somalia stood at +80.3%.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, dropping by -5.4% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 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 Somalia ($X per ton), while the average price for exports to Djibouti totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (-10.9%).

Banana And Plantain Imports

Imports into Ethiopia

In 2022, overseas purchases of bananas and plantains decreased by -44.6% to X kg, falling for the second year in a row after seven years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, banana and plantain imports declined remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2020 when imports increased by 38% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X kg) was the main banana and plantain supplier to Ethiopia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa totaled +49.8%.

In value terms, South Africa ($X) constituted the largest supplier of bananas and plantains to Ethiopia.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled +67.2%.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, increasing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +11.6% per year.

Source: IndexBox Platform