Banana and Plantain Market Overview in Ecuador
In value terms, banana and plantain production rose to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by % year-to-year. Banana and plantain production peaked at $ in 2011; however, from 2012 to , production failed to regain the momentum.
The average yield of bananas and plantains in Ecuador totaled tonnes per ha in , stabilizing at 2019 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. As a result, the yield attained the peak level of tonnes per ha. From 2014 to , the growth of the average banana and plantain 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.
The banana and plantain harvested area in Ecuador reached ha in , almost unchanged from the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by % year-to-year. The banana and plantain harvested area peaked at ha in 2010; however, from 2011 to , the harvested area stood at a somewhat lower figure.
The revenue of the banana and plantain market in Ecuador contracted slightly to $ in , reducing 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). Over the period under review, consumption showed a perceptible downturn. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2010; however, from 2011 to , consumption remained at a lower figure.