Banana and Plantain Market Overview in Tanzania
In value terms, banana and plantain production soared to $ in 2019 estimated in export prices. Overall, production showed significant growth. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. Banana and plantain production peaked in 2019 and is likely to see steady growth in the immediate term.
The average yield of bananas and plantains in Tanzania reduced modestly to tonnes per ha in 2019, shrinking by -% on the previous year's figure. Overall, the yield, however, saw a prominent increase. The pace of growth was the most pronounced in 2012 when the yield increased by % against the previous year. The banana and plantain yield peaked at tonnes per ha in 2018, and then dropped in the following year. 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 Tanzania; growing by % on the previous year. In general, the harvested area continues to indicate strong growth. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. The banana and plantain harvested area peaked at ha in 2014; however, from 2015 to 2019, the harvested area failed to regain the momentum.
The revenue of the banana and plantain market in Tanzania 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). Over the period under review, consumption saw significant growth. The most prominent rate of growth was recorded in 2012 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level in 2019 and is likely to see gradual growth in the near future.