Banana and Plantain Market in Ecuador
In value terms, banana and plantain production expanded modestly to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by %. Banana and plantain production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.
The average yield of bananas and plantains in Ecuador fell slightly to tons per ha in , waning by -% on the year before. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in when the yield increased by %. The banana and plantain yield peaked at tons per ha in 2013; however, from 2014 to , 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 , approx. ha of bananas and plantains were harvested in Ecuador; flattening at . Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the harvested area increased by %. Over the period under review, the harvested area dedicated to banana and plantain production attained the maximum at ha in 2010; however, from 2011 to , the harvested area remained at a lower figure.
The value of the banana and plantain market in Ecuador reduced markedly to $ in , waning 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 continues to indicate a noticeable descent. Banana and plantain consumption peaked at $ in 2010; however, from 2011 to , consumption failed to regain momentum.