Trinidad and Tobago: Plantain Market 2020

Plantain Market Size in Trinidad and Tobago

The revenue of the plantain market in Trinidad and Tobago amounted to $X in 2018, standing approx. at the previous year. Overall, plantain consumption continues to indicate a drastic contraction. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. 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 Trinidad and Tobago

In value terms, plantain production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when production volume increased by X% year-to-year. In that year, plantain production reached its peak level of $X, leveling off in the following year.

In 2018, the average yield of plantains in Trinidad and Tobago stood at X ton per ha, approximately reflecting 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 2010 with an increase of X% year-to-year. In that year, the plantain yield attained its peak level of X ton per ha. From 2011 to 2018, the growth of the plantain yield remained at a somewhat 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 Trinidad and Tobago; remaining relatively unchanged against the previous year. Overall, the plantain harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to plantain production attained its maximum at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Plantain Exports

Exports from Trinidad and Tobago

In 2018, the exports of plantains from Trinidad and Tobago stood at X kg, waning by -X% against the previous year. Over the period under review, plantain exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2013 with a decrease of -X% year-to-year. Over the period under review, plantain exports attained their maximum at X kg in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, plantain exports amounted to $X in 2018. Overall, plantain exports continue to indicate a sharp drop. The growth pace was the most rapid in 2012 with a decrease of -X% against the previous year. Over the period under review, plantain exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, the Philippines (X tons), Guatemala (X tons) and Ecuador (X tons) represented the major exporters of plantains in the world, achieving X% of total export. It was distantly followed by the Dominican Republic (X tons) and Colombia (X tons), together committing 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) followed a long way behind the leaders.

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 Dominican Republic ($X), Guatemala ($X) and Ecuador ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua, Mozambique and Trinidad and Tobago, which together accounted 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

The plantain export price in Trinidad and Tobago stood at $X per ton in 2018, approximately equating the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% year-to-year. In that year, the export prices for plantains reached their peak level of $X per ton, leveling off in the following year.

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 Trinidad and Tobago

In 2018, the imports of plantains into Trinidad and Tobago stood at X tons, declining by -X% against the previous year. In general, plantain imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, plantain imports reached their peak figure at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, plantain imports totaled $X in 2018. Overall, plantain imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, plantain imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. was the major importer of plantains in the world, with the volume of imports reaching X tons, which was approx. X% of total imports in 2018. 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 took near X% share of total imports. 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) occupied a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to plantain imports into the U.S. stood at +X%. 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. While the share of the U.S. (+X p.p.), South Africa (+X p.p.), Romania (+X p.p.), the United Arab Emirates (+X p.p.), Senegal (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Belgium (-X p.p.), Saudi Arabia (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported plantains into Trinidad and Tobago, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($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

In 2018, the plantain import price in Trinidad and Tobago amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the plantain import price continues to indicate a remarkable expansion. The growth pace was the most rapid in 2015 when the import price increased by X% y-o-y. Over the period under review, the import prices for plantains reached their peak figure at $X per ton in 2017, leveling off in the following year.

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