Suriname: Plantain Market 2020

Plantain Market Size in Suriname

The revenue of the plantain market in Suriname amounted to $X in 2018, going up by X% against the previous year. In general, plantain consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, the plantain market reached its peak figure level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Plantain Production in Suriname

In value terms, plantain production stood at $X in 2018 estimated in export prices. In general, plantain production continues to indicate resilient growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. In that year, plantain production reached its peak level of $X. From 2014 to 2018, plantain production growth failed to regain its momentum.

Average yield of plantains in Suriname 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 over the period under review. The most prominent rate of growth was recorded in 2009 when yield increased by X% year-to-year. In that year, the plantain yield reached its peak level of X ton per ha. From 2010 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, approx. X ha of plantains were harvested in Suriname; jumping by X% against the previous year. Overall, the plantain harvested area continues to indicate a conspicuous increase. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% year-to-year. The global plantain harvested area peaked at X ha in 2014; however, from 2015 to 2018, harvested area remained at a lower figure.

Plantain Exports

Exports from Suriname

In 2018, the amount of plantains exported from Suriname totaled X tons, declining by -X% against the previous year. Over the period under review, plantain exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, plantain exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, plantain exports totaled $X in 2018. Over the period under review, plantain exports continue to indicate a significant reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Suriname exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Guatemala (X tons) and Ecuador (X tons) represented roughly X% of total exports of plantains in 2018. The Dominican Republic (X tons) occupied the next position in the ranking, followed by Colombia (X tons). All these countries together occupied near X% share of total exports. The following exporters - Mozambique (X tons), Nicaragua (X tons), Cote d'Ivoire (X tons), the Netherlands (X tons), the U.S. (X tons) and Belgium (X tons) - together made up X% 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 Suriname 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, Mozambique and Suriname lagged somewhat behind, together accounting for a further X Netherlands experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The plantain export price in Suriname stood at $X per ton in 2018, growing by X% against the previous year. In general, the export price indicated a measured expansion from 2007 to 2018: its price 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 export price decreased by -X% against 2013 indices. The growth pace was the most rapid in 2013 an increase of X% y-o-y. In that year, the export prices for plantains attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for plantains failed to regain its 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 by Country

The U.S. was the largest importing country with an import of around X tons, which recorded X% of total imports. 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) followed a long way behind the leaders.

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. ($X) constitutes the largest market for imported plantains into Suriname, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($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 Suriname stood at $X per ton in 2018, leveling off at the previous year. In general, the plantain import price continues to indicate a relatively flat trend pattern.

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