Sierra Leone: Plantain Market 2020

Plantain Market Size in Sierra Leone

The revenue of the plantain market in Sierra Leone amounted to $X in 2018, remaining constant against the previous year. Overall, plantain consumption continues to indicate a drastic descent. The pace of growth appeared the most rapid in 2017 with a decrease of -X% y-o-y. Over the period under review, the plantain market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Plantain Production in Sierra Leone

In value terms, plantain production stood at $X in 2018 estimated in export prices. Over the period under review, plantain production continues to indicate a deep descent. The pace of growth appeared the most rapid in 2017 when production volume decreased by -X% year-to-year. Over the period under review, plantain production reached its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

In 2018, the average yield of plantains in Sierra Leone totaled 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 appeared the most rapid in 2012 with an increase of X% year-to-year. In that year, the plantain yield attained its peak level of X ton per ha. From 2013 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.

Plantain harvested area in Sierra Leone amounted to X ha in 2018, picking up 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 somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The global plantain harvested area peaked in 2018 and is likely to continue its growth in the immediate term.

Plantain Exports

Exports from Sierra Leone

In 2018, the amount of plantains exported from Sierra Leone amounted to X kg, increasing by X% against the previous year. Over the period under review, plantain exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, plantain exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, plantain exports stood at $X in 2018. Over the period under review, plantain exports continue to indicate a sharp slump. The growth pace was the most rapid in 2010 when exports decreased by -X% against the previous year. Sierra Leone exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

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) 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 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 Sierra Leone, 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, Mozambique and Sierra Leone lagged somewhat behind, together accounting for a further X terms of 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 Sierra Leone amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the plantain export price continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2014 a decrease of -X% y-o-y. Sierra Leone export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

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 Sierra Leone

In 2018, the amount of plantains imported into Sierra Leone totaled X tons, approximately reflecting the previous year. Overall, plantain imports continue to indicate a relatively flat trend pattern. Over the period under review, plantain imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, plantain imports totaled $X in 2018. In general, plantain imports continue to indicate a relatively flat trend pattern. Sierra Leone imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The U.S. represented the key importer of plantains in the world, with the volume of imports recording X tons, which was approx. X% of total imports in 2018. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%), the Netherlands (X%) and Romania (X%). 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. ($X) constitutes the largest market for imported plantains into Sierra Leone, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In the U.S., plantain imports expanded at an average annual rate of +X% over the period from 2007-2018. 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 Sierra Leone stood at $X per ton in 2018, standing approx. at the previous year. In general, the plantain import price continues to indicate a relatively flat trend pattern. Sierra Leone import price peaked in 2018 and is expected to retain its growth in the near future.

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