Liberia: Plantain Market 2020

Plantain Market Size in Liberia

The revenue of the plantain market in Liberia amounted to $X in 2018, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. Liberia plantain consumption peaked at $X in 2017, and then declined slightly in the following year.

Plantain Production in Liberia

In value terms, plantain production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, plantain production reached its maximum level at $X in 2017, and then declined slightly in the following year.

In 2018, the average yield of plantains in Liberia stood at X ton per ha, therefore, remained relatively stable 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 2013 when yield increased by X% year-to-year. The global plantain yield peaked at X ton per ha in 2011; however, from 2012 to 2018, 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 plantain harvested area in Liberia totaled X ha, rising by X% against 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 being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The global plantain harvested area peaked in 2018 and is expected to retain its growth in the immediate term.

Plantain Exports

Exports by Country

The exports of the three major exporters of plantains, namely the Philippines, Guatemala and Ecuador, represented more than half of total export. The Dominican Republic (X tons) held the next position in the ranking, followed by Colombia (X tons). All these countries together took approx. 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) 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 the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest plantain markets from Liberia were the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X), together accounting for X% of total exports. These countries were followed by the Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua and Mozambique, which together accounted for a further X terms of 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 Liberia stood at $X per ton in 2018, stabilizing at the previous year. Overall, the plantain export price continues to indicate a relatively flat trend pattern.

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 Liberia

In 2018, approx. X tons of plantains were imported into Liberia; jumping by X% against the previous year. In general, plantain imports continue to indicate an extraordinary increase. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. In that year, plantain imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, plantain imports amounted to $X in 2018. Over the period under review, plantain imports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, plantain imports reached their peak and are likely to continue its growth in the immediate term.

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 following importers - 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) - together made up X% of total imports.

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. ($X) constitutes the largest market for imported plantains into Liberia, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($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 growth rate of value in the U.S. stood at +X%. 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 Liberia amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the plantain import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. Liberia import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

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