Martinique: Plantain Market 2020

Plantain Market Size in Martinique

The revenue of the plantain market in Martinique amounted to $X in 2018, approximately reflecting the previous year. In general, plantain consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, the plantain market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Plantain Production in Martinique

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. The pace of growth was the most pronounced in 2014 when production volume increased by X% year-to-year. Martinique plantain production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Average yield of plantains in Martinique stood at X ton per ha in 2018, standing approx. at the previous year. In general, the plantain yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the plantain yield reached its peak figure level in 2018 and is likely to continue 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 plantain harvested area in Martinique stood at X ha, approximately mirroring the previous year. Over the period under review, the plantain harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 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 2014; however, from 2015 to 2018, harvested area remained at a lower figure.

Plantain Exports

Exports by Country

In 2018, the Philippines (X tons), Guatemala (X tons) and Ecuador (X tons) represented the main exporters of plantains in the world, committing X% of total export. The Dominican Republic (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by Colombia (X%). 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 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 largest plantain markets from Martinique were the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X), 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 Netherlands recorded the highest growth rate of exports, in terms of the main exporting countries 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 Martinique amounted to $X per ton, standing approx. at the previous year. In general, 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 by Country

In 2018, the U.S. (X tons) was the key importer of plantains, creating X% of total imports. South Africa (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons), the Netherlands (X tons) and Romania (X tons). All these countries together occupied near 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.

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. ($X) constitutes the largest market for imported plantains into Martinique, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($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 rate of growth in terms of value in the U.S. stood at +X%. 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 Martinique stood at $X per ton in 2018, standing approx. at the previous year. Overall, 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