Banana and Plantain Market Overview in Suriname
In value terms, banana and plantain production plummeted to $ in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by % against the previous year. Banana and plantain production peaked at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The average yield of bananas and plantains in Suriname shrank modestly to tonnes per ha in 2019, remaining stable against the year before. Overall, the yield continues to indicate a slight setback. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. As a result, the yield attained the peak level of tonnes per ha. From 2009 to 2019, the growth of the average banana and plantain yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of bananas and plantains were harvested in Suriname; leveling off at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by % against the previous year. The banana and plantain harvested area peaked at ha in 2014; however, from 2015 to 2019, the harvested area stood at a somewhat lower figure.
The size of the banana and plantain market in Suriname surged to $ in 2019, increasing 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). Overall, consumption enjoyed a prominent expansion. The growth pace was the most rapid in 2012 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2013 to 2019, the growth of the market remained at a lower figure.