Banana and Plantain Market Overview in Congo
In value terms, banana and plantain production skyrocketed to $ in 2019 estimated in export prices. Over the period under review, production showed modest growth. Banana and plantain production peaked at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
In 2019, the average yield of bananas and plantains in Congo contracted to tonnes per ha, leveling off at the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by % y-o-y. The banana and plantain yield peaked at tonnes per ha in 2008; however, from 2009 to 2019, the 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 2019, approx. ha of bananas and plantains were harvested in Congo; therefore, remained relatively stable against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of % y-o-y. The banana and plantain harvested area peaked at ha in 2015; however, from 2016 to 2019, the harvested area stood at a somewhat lower figure.
The revenue of the banana and plantain market in Congo surged to $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Banana and plantain consumption peaked at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.