Guinea: Plantain Market 2020

Plantain Market Size in Guinea

The revenue of the plantain market in Guinea amounted to $X in 2018, dropping by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Guinea plantain consumption peaked at $X in 2017, and then declined slightly in the following year.

Plantain Production in Guinea

In value terms, plantain production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, plantain production attained its peak figure level at $X in 2017, and then declined slightly in the following year.

Average yield of plantains in Guinea stood at X ton per ha in 2018, approximately reflecting the previous year. Overall, the plantain yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when yield increased by X% year-to-year. In that year, the plantain yield reached its peak level of X ton per ha. From 2012 to 2018, the growth of the plantain yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of plantains in Guinea totaled X ha, approximately equating the previous year. Over the period under review, the plantain harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to plantain production attained its peak figure at X ha in 2013; however, from 2014 to 2018, harvested area failed to regain its momentum.

Plantain Exports

Exports by Country

The Philippines (X tons), Guatemala (X tons) and Ecuador (X tons) represented roughly X% of total exports of plantains in 2018. It was distantly followed by the Dominican Republic (X tons) and Colombia (X tons), together committing a X% share of total exports. Mozambique (X tons), Nicaragua (X tons), Cote d'Ivoire (X tons), the Netherlands (X tons), the U.S. (X tons) and Belgium (X tons) took a relatively small share of total exports.

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

In value terms, the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. The Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua and Mozambique lagged somewhat behind, together accounting for a further X the main exporting countries, the Netherlands experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The plantain export price in Guinea stood at $X per ton in 2018, stabilizing at the previous year. Over the period under review, the plantain export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; 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 by Country

The U.S. represented the main importer of plantains in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2018. 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) occupied a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. 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. 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.) significantly strengthened its position in terms of the global imports, while Belgium, Saudi Arabia and France saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., plantain imports increased at an average annual rate of +X% over the period from 2007-2018. 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 Guinea stood at $X per ton in 2018, flattening at the previous year. Over the period under review, the plantain import price continues to indicate a relatively flat trend pattern.

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