Guinea: Banana Market 2020

Banana Market Size in Guinea

The revenue of the banana market in Guinea amounted to $X in 2018, stabilizing at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Guinea banana consumption peaked at $X in 2017, and then declined slightly in the following year.

Banana Production in Guinea

In value terms, banana production totaled $X in 2018 estimated in export prices. In general, banana production continues to indicate a relatively flat trend pattern. Over the period under review, banana production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

In 2018, the average banana yield in Guinea amounted to X ton per ha, surging by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when yield increased by X% year-to-year. The global banana yield peaked in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of bananas production in Guinea stood at X ha, flattening at the previous year. Over the period under review, the banana harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to banana production reached its maximum at X ha in 2014; however, from 2015 to 2018, harvested area remained at a lower figure.

Banana Exports

Exports by Country

In 2018, Ecuador (X tons), distantly followed by Costa Rica (X tons), Guatemala (X tons), the Philippines (X tons), Colombia (X tons) and Belgium (X tons) represented the key exporters of bananas, together comprising X% of total exports. The Netherlands (X tons), Honduras (X tons), the U.S. (X tons), Mexico (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) followed a long way behind the leaders.

Ecuador experienced a relatively flat trend pattern of bananas exports. At the same time, Mexico (+X%), the Netherlands (+X%), Guatemala (+X%), Cote d'Ivoire (+X%), Cameroon (+X%), the U.S. (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Honduras, Colombia, Costa Rica and the Philippines experienced a relatively flat trend pattern. From 2007 to 2018, the share of Guatemala, the Netherlands, Mexico and Ecuador increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest banana supplier from Guinea, comprising X% of global exports. The second position in the ranking was occupied by Costa Rica ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Ecuador stood at +X%. In the other countries, the average annual rates were as follows: Costa Rica (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

In 2018, the banana export price in Guinea amounted to $X per ton, approximately reflecting the previous year. In general, the banana export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for bananas attained their peak figure at $X per ton in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

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

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

Banana Imports

Imports into Guinea

In 2018, the imports of bananas into Guinea amounted to X kg, increasing by X% against the previous year. In general, banana imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, banana imports attained their peak figure at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, banana imports amounted to $X in 2018. Over the period under review, banana imports, however, continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, banana imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons) represented the largest importer of bananas, achieving X% of total imports. Russia (X tons) took the second position in the ranking, followed by Germany (X tons), Belgium (X tons), China (X tons) and the UK (X tons). All these countries together occupied near X% share of total imports. Japan (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Canada (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, China (+X%), the Netherlands (+X%), Iran (+X%), Russia (+X%), France (+X%), Canada (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK, Belgium, Japan and Germany experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), China (+X p.p.), Russia (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Russia (+X% per year).

Import Prices by Country

The banana import price in Guinea stood at $X per ton in 2018, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. In that year, the import prices for bananas attained their peak level and is likely to continue its growth in the immediate term.

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

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

Source: IndexBox Platform