Tuvalu: Banana Market 2020

Banana Market Size in Tuvalu

The revenue of the banana market in Tuvalu amounted to $X in 2018, standing approx. at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Tuvalu banana consumption peaked at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Banana Production in Tuvalu

In value terms, banana 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when production volume increased by X% against the previous year. Tuvalu banana production peaked at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of bananas in Tuvalu stood at X kg per ha, leveling off at the previous year. Over the period under review, the banana yield continues to indicate a relatively flat trend pattern. 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 bananas were harvested in Tuvalu; remaining relatively unchanged against the previous year. Overall, the banana harvested area continues to indicate a relatively flat trend pattern.

Banana Exports

Exports by Country

In 2018, Ecuador (X tons), distantly followed by Costa Rica (X tons), Guatemala (X tons), the Philippines (X tons), Colombia (X tons) and Belgium (X tons) represented the key exporters of bananas, together comprising X% of total exports. The following exporters - the Netherlands (X tons), Honduras (X tons), the U.S. (X tons), Mexico (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) - together made up X% of total exports.

Ecuador experienced a relatively flat trend pattern of bananas exports. At the same time, Mexico (+X%), the Netherlands (+X%), Guatemala (+X%), Cote d'Ivoire (+X%), Cameroon (+X%), the U.S. (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Honduras, Colombia, Costa Rica and the Philippines experienced a relatively flat trend pattern. From 2007 to 2018, the share of Guatemala, the Netherlands, Mexico and Ecuador increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest banana supplier from Tuvalu, comprising X% of global exports. The second position in the ranking was occupied by Costa Rica ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

In Ecuador, banana exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Costa Rica (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

In 2018, the banana export price in Tuvalu amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the banana export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Cameroon, while the other leaders experienced more modest paces of growth.

Banana Imports

Imports into Tuvalu

In 2018, approx. X kg of bananas were imported into Tuvalu; standing approx. at the previous year. In general, banana imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Tuvalu imports peaked at X kg in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, banana imports totaled $X in 2018. In general, banana imports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Tuvalu imports peaked at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. represented the largest importer of bananas in the world, with the volume of imports recording X tons, which was near X% of total imports in 2018. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%), Belgium (X%), China (X%) and the UK (X%). The following importers - Japan (X tons), Italy (X tons), France (X tons), the Netherlands (X tons), Canada (X tons) and Iran (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to banana imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), Iran (+X%), Russia (+X%), France (+X%), Canada (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK, Belgium, Japan and Germany experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), China (+X p.p.), Russia (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported bananas into Tuvalu, comprising X% of global imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Belgium (-X% per year) and Russia (+X% per year).

Import Prices by Country

In 2018, the banana import price in Tuvalu amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price indicated a moderate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, banana import price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2014 when the import price increased by X% y-o-y. Over the period under review, the import prices for bananas attained their maximum at $X per ton in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform