Guyana: Plantain Market 2020

Plantain Market Size in Guyana

The revenue of the plantain market in Guyana amounted to $X in 2018, going up by X% against the previous year. Over the period under review, plantain consumption continues to indicate an extraordinary expansion. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Over the period under review, the plantain market reached its maximum level in 2018 and is likely to see steady growth in the immediate term.

Plantain Production in Guyana

In value terms, plantain production stood at $X in 2018 estimated in export prices. In general, plantain production continues to indicate a relatively flat trend pattern. Over the period under review, plantain production attained its peak figure level at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of plantains in Guyana amounted to X ton per ha, growing by X% against the previous year. In general, the plantain yield continues to indicate an outstanding increase. The most prominent rate of growth was recorded in 2008 when yield increased by X% y-o-y. Over the period under review, the plantain yield reached its peak figure level in 2018 and is expected to retain 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.

Plantain harvested area in Guyana amounted to X ha in 2018, lowering by -X% against the previous year. Over the period under review, the plantain harvested area, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. The global plantain harvested area peaked at X ha in 2013; however, from 2014 to 2018, harvested area stood at a somewhat lower figure.

Plantain Exports

Exports from Guyana

In 2018, the amount of plantains exported from Guyana totaled X kg, stabilizing at the previous year. Overall, plantain exports continue to indicate a relatively flat trend pattern. Guyana exports peaked at X kg in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, plantain exports amounted to $X in 2018. Overall, plantain exports continue to indicate a relatively flat trend pattern. Over the period under review, plantain exports reached their maximum at $X in 2016; however, from 2017 to 2018, exports remained at a lower figure.

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) occupied a little 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, with a combined X% share of total exports. The Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua and Mozambique lagged somewhat behind, together comprising a further X the main exporting countries, the Netherlands recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the plantain export price in Guyana amounted to $X per ton, approximately equating the previous year. In general, the plantain export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for plantains reached their maximum at $X per ton in 2016; however, from 2017 to 2018, export prices remained at a 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 ($X per ton), while Mozambique ($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. was the major importer of plantains in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2018. It was distantly followed by South Africa (X tons), Saudi Arabia (X tons), the Netherlands (X tons) and Romania (X tons), together creating a X% share of total imports. 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) held 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. From 2007 to 2018, the share of the U.S., South Africa, Romania, the United Arab Emirates, Senegal and the UK increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Belgium (-X p.p.), Saudi Arabia (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported plantains into Guyana, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($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. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the plantain import price in Guyana amounted to $X per ton, standing approx. at the previous year. Over the period under review, the plantain import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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