Banana Market Overview in Tanzania
In value terms, banana production skyrocketed to $ in 2018 estimated in export prices. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2017 to 2018, production growth remained at a lower figure.
The average yield of bananas in Tanzania dropped modestly to tonnes per ha in 2018, remaining stable against the year before. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by % against the previous year. Over the period under review, the average banana yield reached the peak level at tonnes per ha in 2015; however, from 2016 to 2018, the 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 2018, the total area harvested in terms of bananas production in Tanzania was estimated at ha, increasing by % compared with 2017 figures. The harvested area increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the harvested area increased by % year-to-year. As a result, the harvested area reached the peak level of ha. From 2012 to 2018, the growth of the banana harvested area remained at a somewhat lower figure.
The revenue of the banana market in Tanzania soared to $ in 2018, 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, the total consumption indicated noticeable growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption decreased by -% against 2016 indices. The growth pace was the most rapid in 2016 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2018, the growth of the market failed to regain the momentum.