Period 2007-2019
Banana Market Overview in Tanzania |
Market Overview
The Tanzanian banana market expanded sharply to $
in 2018, growing 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 continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Over the period under review, the market attained the maximum level at $ in 2019; afterwards, it flattened through to 2018.
In value terms, banana production expanded modestly to $ in 2019 estimated in export prices. Overall, production showed a significant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by % y-o-y. Banana production peaked in 2019 and is likely to continue growth in the near future.
In 2019, the average yield of bananas in Tanzania stood at kg per ha, almost unchanged from 2018. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The banana harvested area in Tanzania stood at ha in 2019, approximately mirroring 2018 figures. Overall, the harvested area saw a relatively flat trend pattern.
in 2018, growing 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 continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Over the period under review, the market attained the maximum level at $ in 2019; afterwards, it flattened through to 2018.In value terms, banana production expanded modestly to $
in 2019 estimated in export prices. Overall, production showed a significant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by % y-o-y. Banana production peaked in 2019 and is likely to continue growth in the near future.In 2019, the average yield of bananas in Tanzania stood at
kg per ha, almost unchanged from 2018. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.The banana harvested area in Tanzania stood at
ha in 2019, approximately mirroring 2018 figures. Overall, the harvested area saw a relatively flat trend pattern.Consumption
Banana consumption in Tanzania stood at kg in 2018, almost unchanged from the previous year. Overall, consumption showed a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. As a result, consumption reached the peak volume of kg. From 2009 to 2018, the growth of the consumption remained at a lower figure.
The size of the banana market in Tanzania expanded significantly to $ in 2018, rising 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, consumption saw resilient growth. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. Banana consumption peaked at $ in 2019; afterwards, it flattened through to 2018.
kg in 2018, almost unchanged from the previous year. Overall, consumption showed a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. As a result, consumption reached the peak volume of kg. From 2009 to 2018, the growth of the consumption remained at a lower figure.The size of the banana market in Tanzania expanded significantly to $
in 2018, rising 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, consumption saw resilient growth. The most prominent rate of growth was recorded in 2008 when the market value increased by % against the previous year. Banana consumption peaked at $ in 2019; afterwards, it flattened through to 2018.Market Forecast
Driven by increasing demand for banana in Tanzania, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of % for the period from 2019 to , which is projected to bring the market volume to kg by the end of .
% for the period from 2019 to , which is projected to bring the market volume to kg by the end of .Market Structure
Banana market in Tanzania remained dependent on supplies from foreign countries. In 2019, the share of imports in total consumption was % in value terms and % in physical terms.
% in value terms and % in physical terms.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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