Banana and Plantain Market in Democratic Republic of the Congo
Market Overview
After three years of growth, the Congolese banana and plantain market decreased by -
% to $ in . Over the period under review, consumption recorded a prominent increase. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. Banana and plantain consumption peaked at $ in 2019, and then declined modestly in the following year.
In value terms, banana and plantain production fell slightly to $ in estimated in export prices. In general, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 with an increase of % year-to-year. Over the period under review, production reached the maximum level at $ in 2019, and then contracted in the following year.
The average yield of bananas and plantains in Democratic Republic of the Congo contracted to tonnes per ha in , approximately reflecting the previous year. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the yield increased by % y-o-y. The banana and plantain yield peaked at tonnes per ha in 2014; however, from 2015 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, approx. ha of bananas and plantains were harvested in Democratic Republic of the Congo; standing approx. at the year before. Over the period under review, the harvested area showed a prominent increase. The most prominent rate of growth was recorded in 2010 when the harvested area increased by % y-o-y. The banana and plantain harvested area peaked in and is likely to continue growth in the near future.
% to $ in . Over the period under review, consumption recorded a prominent increase. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. Banana and plantain consumption peaked at $ in 2019, and then declined modestly in the following year.In value terms, banana and plantain production fell slightly to $
in estimated in export prices. In general, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 with an increase of % year-to-year. Over the period under review, production reached the maximum level at $ in 2019, and then contracted in the following year.The average yield of bananas and plantains in Democratic Republic of the Congo contracted to
tonnes per ha in , approximately reflecting the previous year. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the yield increased by % y-o-y. The banana and plantain yield peaked at tonnes per ha in 2014; however, from 2015 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, approx. ha of bananas and plantains were harvested in Democratic Republic of the Congo; standing approx. at the year before. Over the period under review, the harvested area showed a prominent increase. The most prominent rate of growth was recorded in 2010 when the harvested area increased by % y-o-y. The banana and plantain harvested area peaked in and is likely to continue growth in the near future.Consumption
Banana and plantain consumption in Democratic Republic of the Congo stood at tonnes in , therefore, remained relatively stable against the previous year's figure. In general, consumption enjoyed a resilient expansion. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Over the period under review, consumption hit record highs in and is likely to see gradual growth in the immediate term.
The revenue of the banana and plantain market in Democratic Republic of the Congo contracted to $ in , flattening at 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). Over the period under review, consumption recorded a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2019, and then shrank in the following year.
tonnes in , therefore, remained relatively stable against the previous year's figure. In general, consumption enjoyed a resilient expansion. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Over the period under review, consumption hit record highs in and is likely to see gradual growth in the immediate term.The revenue of the banana and plantain market in Democratic Republic of the Congo contracted to $
in , flattening at 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). Over the period under review, consumption recorded a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2019, and then shrank in the following year.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 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 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
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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