Turkey: Banana And Plantain Market 2024

Banana And Plantain Market Size in Turkey

After eight years of growth, the Turkish banana and plantain market decreased by -13.8% to $X in 2022. Over the period under review, consumption, however, showed a noticeable increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Banana And Plantain Production in Turkey

In value terms, banana and plantain production stood at $X in 2022 estimated in export price. Overall, production recorded a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 83%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of bananas and plantains in Turkey fell modestly to X tons per ha, waning by -4.4% on 2021 figures. Overall, the yield indicated noticeable growth from 2012 to 2022: its figure increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana and plantain yield increased by +5.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the yield increased by 21% against the previous year. Over the period under review, the average banana and plantain yield reached the maximum level at X tons per ha in 2021, and then shrank slightly 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 Turkey dropped modestly to X ha, waning by -4.6% against the previous year's figure. In general, the harvested area, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure at X ha in 2021, and then dropped in the following year.

Banana And Plantain Exports

Exports from Turkey

In 2022, the amount of bananas and plantains exported from Turkey dropped sharply to X tons, declining by -97.2% on the previous year's figure. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 6,550,446%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, banana and plantain exports fell markedly to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 2,323,713% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Syrian Arab Republic (X tons), Iran (X tons) and Iraq (X tons) were the main destinations of banana and plantain exports from Turkey, together comprising 84% of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +58.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) remains the key foreign market for bananas and plantains exports from Turkey, comprising 42% of total exports. The second position in the ranking was taken by Iraq ($X), with a 19% share of total exports. It was followed by Syrian Arab Republic, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran totaled -50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+28.9% per year) and Syrian Arab Republic (0.0% per year).

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, shrinking by -1.9% against the previous year. Overall, the export price saw a deep slump. The growth pace was the most rapid in 2019 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Turkey

Banana and plantain imports into Turkey contracted sharply to X tons in 2022, reducing by -80.8% on the previous year. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 215% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, banana and plantain imports fell dramatically to $X in 2022. Over the period under review, imports faced a deep slump. The growth pace was the most rapid in 2015 with an increase of 199% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest banana and plantain supplier to Turkey, with a 87% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (-12.1% per year) and Colombia (-1.3% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Turkey, comprising 87% of total imports. The second position in the ranking was held by Costa Rica ($X), with a 9.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador amounted to -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (-8.7% per year) and Colombia (+0.2% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, jumping by 46% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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