Venezuela: Banana And Plantain Market 2025

Banana And Plantain Market Size in Venezuela

The Venezuelan banana and plantain market reached $X in 2022, growing by 6.7% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.9% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Banana And Plantain Production in Venezuela

In value terms, banana and plantain production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 136% against the previous year. Banana and plantain production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average banana and plantain yield in Venezuela totaled X tons per ha, approximately equating 2021 figures. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 6.7% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average banana and plantain yield failed to regain momentum. 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 Venezuela rose to X ha, increasing by 1.6% compared with 2021 figures. The harvested area increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 10% against the previous year. The banana and plantain harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from Venezuela

In 2021, overseas shipments of bananas and plantains decreased by -13.1% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, banana and plantain exports shrank to $X in 2021. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2019 when exports increased by 48% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for banana and plantain exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bahrain was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 an increase of 162% against the previous year. The export price peaked at $X per ton in 2020, and then declined slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.4% per year.

Banana And Plantain Imports

Imports into Venezuela

In 2021, supplies from abroad of bananas and plantains decreased by 0% to X tons, falling for the third consecutive year after four years of growth. Overall, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, banana and plantain imports stood at $X in 2021. In general, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Colombia (X tons) constituted the largest banana and plantain supplier to Venezuela, with a 69% share of total imports. Moreover, banana and plantain imports from Colombia exceeded the figures recorded by the second-largest supplier, Angola (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Colombia was relatively modest.

In value terms, Colombia ($X) constituted the largest supplier of bananas and plantains to Venezuela, comprising 98% of total imports. The second position in the ranking was taken by Angola ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia was relatively modest.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 5.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Angola totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :