Banana and Plantain Market Overview in Democratic Republic of the Congo
Market Overview
The Congolese banana and plantain market reached $
in 2019, with an increase of % 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 posted a resilient expansion. The growth pace was the most rapid in 2010 when the market value increased by % year-to-year. Banana and plantain consumption peaked in 2019 and is expected to retain growth in the immediate term.
In value terms, banana and plantain production reached $ in 2019 estimated in export prices. Overall, production showed a significant expansion. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the immediate term.
In 2019, the average banana and plantain yield in Democratic Republic of the Congo shrank to tonnes per ha, approximately equating 2018. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by % against the previous year. Over the period under review, the average banana and plantain yield hit record highs at tonnes per ha in 2016; however, from 2017 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, the total area harvested in terms of bananas and plantains production in Democratic Republic of the Congo expanded remarkably to ha, with an increase of % compared with the previous year's figure. Overall, the harvested area enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. The banana and plantain harvested area peaked in 2019 and is expected to retain growth in years to come.
in 2019, with an increase of % 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 posted a resilient expansion. The growth pace was the most rapid in 2010 when the market value increased by % year-to-year. Banana and plantain consumption peaked in 2019 and is expected to retain growth in the immediate term.In value terms, banana and plantain production reached $
in 2019 estimated in export prices. Overall, production showed a significant expansion. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the immediate term.In 2019, the average banana and plantain yield in Democratic Republic of the Congo shrank to
tonnes per ha, approximately equating 2018. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by % against the previous year. Over the period under review, the average banana and plantain yield hit record highs at tonnes per ha in 2016; however, from 2017 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, the total area harvested in terms of bananas and plantains production in Democratic Republic of the Congo expanded remarkably to
ha, with an increase of % compared with the previous year's figure. Overall, the harvested area enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. The banana and plantain harvested area peaked in 2019 and is expected to retain growth in years to come.Consumption
In 2019, the amount of bananas and plantains consumed in Democratic Republic of the Congo expanded markedly to tonnes, surging by % compared with the year before. Over the period under review, consumption enjoyed a resilient increase. The growth pace was the most rapid in 2010 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume in 2019 and is likely to continue growth in the immediate term.
The revenue of the banana and plantain market in Democratic Republic of the Congo rose remarkably to $ in 2019, growing 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). In general, consumption continues to indicate strong growth. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Banana and plantain consumption peaked in 2019 and is likely to continue growth in years to come.
tonnes, surging by % compared with the year before. Over the period under review, consumption enjoyed a resilient increase. The growth pace was the most rapid in 2010 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume in 2019 and is likely to continue growth in the immediate term.The revenue of the banana and plantain market in Democratic Republic of the Congo rose remarkably to $
in 2019, growing 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). In general, consumption continues to indicate strong growth. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Banana and plantain consumption peaked in 2019 and is likely to continue growth in years to come.Market Forecast
Driven by increasing demand for banana and plantain in Democratic Republic of the Congo, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of banana and plantain in Democratic Republic of the Congo were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for banana and plantain.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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