Paraguay: Banana And Plantain Market 2025

Banana And Plantain Market Size in Paraguay

The Paraguayan banana and plantain market surged to $X in 2022, picking up by 83% against the previous year. In general, consumption saw buoyant growth. Banana and plantain consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Banana And Plantain Production in Paraguay

In value terms, banana and plantain production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 78%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of bananas and plantains in Paraguay shrank modestly to X tons per ha in 2022, approximately equating 2021 figures. The yield figure increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 13%. The banana and plantain yield peaked at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of bananas and plantains in Paraguay fell slightly to X ha, flattening at the previous year. The harvested area increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 6.9% against the previous year. Over the period under review, the harvested area dedicated to banana and plantain production attained the peak figure at X ha in 2021, and then contracted in the following year.

Banana And Plantain Exports

Exports from Paraguay

In 2022, approx. X tons of bananas and plantains were exported from Paraguay; which is down by -48% against the year before. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 227%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports fell remarkably to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 461%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Argentina (X tons) was the main destination for banana and plantain exports from Paraguay, with a 91% share of total exports. Moreover, banana and plantain exports to Argentina exceeded the volume sent to the second major destination, Uruguay (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at +17.2%.

In value terms, Argentina ($X) remains the key foreign market for bananas and plantains exports from Paraguay, comprising 90% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled +28.4%.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 72% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+9.6%).

Banana And Plantain Imports

Imports into Paraguay

In 2022, approx. X tons of bananas and plantains were imported into Paraguay; dropping by -21% compared with the year before. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2014 when imports increased by 3,093%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, banana and plantain imports totaled $X in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 4,250%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main banana and plantain supplier to Paraguay, with a 94% share of total imports. Moreover, banana and plantain imports from Argentina exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to -21.6%.

In value terms, Germany ($X) constituted the largest supplier of bananas and plantains to Paraguay, comprising 67% of total imports. The second position in the ranking was taken by Argentina ($X), with a 33% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from Germany amounted to +29.2%.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, rising by 31% against the previous year. Over the period under review, the import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 112% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+445.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform