Banana and Plantain Market Overview in Argentina
In value terms, banana and plantain production soared to $ in 2019 estimated in export prices. Overall, production, however, recorded a strong expansion. Over the period under review, production attained the maximum level at $ in 2013; however, from 2014 to 2019, production remained at a lower figure.
The average yield of bananas and plantains in Argentina stood at tonnes per ha in 2019, remaining relatively unchanged against the year before. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the yield increased by % y-o-y. The banana and plantain yield peaked at tonnes per ha in 2014; afterwards, it flattened through to 2019. 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 Argentina amounted to ha, remaining stable against 2018 figures. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the harvested area dedicated to banana and plantain production attained the peak figure at ha in 2007; however, from 2008 to 2019, the harvested area failed to regain the momentum.
The size of the banana and plantain market in Argentina reduced notably to $ in 2019, declining 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, the total consumption indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The pace of growth was the most pronounced in 2014 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.