Saint Vincent and the Grenadines: Plantain Market 2020

Plantain Market Size in Saint Vincent and the Grenadines

The revenue of the plantain market in Saint Vincent and the Grenadines amounted to $X in 2018, remaining constant against the previous year. Overall, the total market indicated moderate growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, plantain consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Saint Vincent and the Grenadines plantain consumption peaked at $X in 2017, leveling off in the following year.

Plantain Production in Saint Vincent and the Grenadines

In value terms, plantain production totaled $X in 2018 estimated in export prices. Over the period under review, plantain production continues to indicate a relatively flat trend pattern. Over the period under review, plantain production reached its peak figure level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Average yield of plantains in Saint Vincent and the Grenadines totaled X ton per ha in 2018, picking up by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2010 when yield increased by X% against the previous year. In that year, the plantain yield reached its peak level of X ton per ha. From 2011 to 2018, the growth of the plantain yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of plantains production in Saint Vincent and the Grenadines totaled X ha, leveling off at the previous year. Overall, the plantain harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to plantain production reached its peak figure at X ha in 2015; however, from 2016 to 2018, harvested area remained at a lower figure.

Plantain Exports

Exports from Saint Vincent and the Grenadines

Plantain exports from Saint Vincent and the Grenadines amounted to X kg in 2018, leveling off at the previous year. Over the period under review, plantain exports continue to indicate a relatively flat trend pattern. Over the period under review, plantain exports reached their peak figure at X kg in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, plantain exports amounted to $X in 2018. Over the period under review, plantain exports continue to indicate a relatively flat trend pattern. Over the period under review, plantain exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

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. It was distantly followed by the Dominican Republic (X tons) and Colombia (X tons), together constituting 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) held a minor 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 Saint Vincent and the Grenadines 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 terms of the main exporting countries, the Netherlands experienced 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 Saint Vincent and the Grenadines amounted to $X per ton, remaining relatively unchanged against 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 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

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 into Saint Vincent and the Grenadines

In 2018, the imports of plantains into Saint Vincent and the Grenadines totaled X kg, approximately mirroring the previous year. Overall, plantain imports continue to indicate a relatively flat trend pattern. Over the period under review, plantain imports reached their maximum at X kg in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, plantain imports amounted to $X in 2018. In general, plantain imports continue to indicate a relatively flat trend pattern. Saint Vincent and the Grenadines imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons) was the largest importer of plantains, generating X% of total imports. South Africa (X tons) held 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. ($X) constitutes the largest market for imported plantains into Saint Vincent and the Grenadines, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($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. amounted to +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

In 2018, the plantain import price in Saint Vincent and the Grenadines amounted to $X per ton, approximately mirroring the previous year. Overall, the plantain import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for plantains reached their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

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