Global Plantain Market
Market Overview
The global plantain market rose notably to $
in , 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). The market value increased at an average annual rate of +% from 2012 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2019 when the market value increased by % against the previous year. Global consumption peaked in and is likely to see steady growth in the near future.
In value terms, plantain production skyrocketed to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.
The countries with the highest volumes of plantain production in were Uganda ( tonnes), Democratic Republic of the Congo ( tonnes) and Ghana ( tonnes), with a combined % share of global production.
From 2012 to, the most notable rate of growth in terms of plantain production, amongst the leading producing countries, was attained by Democratic Republic of the Congo, while plantain production for the other global leaders experienced more modest paces of growth.
The global average plantain yield was estimated at tonnes per ha in , remaining stable against 2019. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the yield increased by % against the previous year. The global yield peaked at tonnes per ha in 2018; however, from 2019 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The global plantain harvested area fell to ha in , dropping by -% compared with 2019 figures. The harvested area increased at an average annual rate of +% from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 when the harvested area increased by % against the previous year. As a result, the harvested area attained the peak level of ha, and then declined slightly in the following year.
in , 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). The market value increased at an average annual rate of +% from 2012 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2019 when the market value increased by % against the previous year. Global consumption peaked in and is likely to see steady growth in the near future.In value terms, plantain production skyrocketed to $
in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.The countries with the highest volumes of plantain production in
were Uganda ( tonnes), Democratic Republic of the Congo ( tonnes) and Ghana ( tonnes), with a combined % share of global production.From 2012 to
, the most notable rate of growth in terms of plantain production, amongst the leading producing countries, was attained by Democratic Republic of the Congo, while plantain production for the other global leaders experienced more modest paces of growth.The global average plantain yield was estimated at
tonnes per ha in , remaining stable against 2019. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the yield increased by % against the previous year. The global yield peaked at tonnes per ha in 2018; however, from 2019 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.The global plantain harvested area fell to
ha in , dropping by -% compared with 2019 figures. The harvested area increased at an average annual rate of +% from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 when the harvested area increased by % against the previous year. As a result, the harvested area attained the peak level of ha, and then declined slightly in the following year.Consumption
In , consumption of plantains decreased by -% to tonnes for the first time since 2017, thus ending a two-year rising trend. The total consumption volume increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the consumption volume increased by % y-o-y. As a result, consumption attained the peak volume of tonnes, and then dropped in the following year.
The global plantain market revenue reached $ in , surging 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). The market value increased at an average annual rate of +% from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the market value increased by % year-to-year. Over the period under review, the global market reached the maximum level in and is expected to retain growth in the immediate term.
, consumption of plantains decreased by -% to tonnes for the first time since 2017, thus ending a two-year rising trend. The total consumption volume increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the consumption volume increased by % y-o-y. As a result, consumption attained the peak volume of tonnes, and then dropped in the following year.The global plantain market revenue reached $
in , surging 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). The market value increased at an average annual rate of +% from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the market value increased by % year-to-year. Over the period under review, the global market reached the maximum level in and is expected to retain growth in the immediate term.Consumption By Country
The countries with the highest volumes of plantain consumption in were Uganda ( tonnes), Democratic Republic of the Congo ( tonnes) and Ghana ( tonnes), with a combined % share of global consumption.
From 2012 to, the biggest increases were in Democratic Republic of the Congo, while plantain consumption for the other global leaders experienced more modest paces of growth.
In value terms, Cameroon ($), Uganda ($) and Nigeria ($) were the countries with the highest levels of market value in , with a combined % share of the global market. The Philippines, Democratic Republic of the Congo, Rwanda, Ghana, Colombia, the Dominican Republic, Cote d'Ivoire, Myanmar and Venezuela lagged somewhat behind, together comprising a further %.
Rwanda recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of plantain per capita consumption in were Cameroon ( kg per person), Uganda ( kg per person) and Ghana ( kg per person).
From 2012 to, the most notable rate of growth in terms of plantain per capita consumption, amongst the main consuming countries, was attained by Venezuela, while plantain per capita consumption for the other global leaders experienced more modest paces of growth.
were Uganda ( tonnes), Democratic Republic of the Congo ( tonnes) and Ghana ( tonnes), with a combined % share of global consumption.From 2012 to
, the biggest increases were in Democratic Republic of the Congo, while plantain consumption for the other global leaders experienced more modest paces of growth.In value terms, Cameroon ($
), Uganda ($) and Nigeria ($) were the countries with the highest levels of market value in , with a combined % share of the global market. The Philippines, Democratic Republic of the Congo, Rwanda, Ghana, Colombia, the Dominican Republic, Cote d'Ivoire, Myanmar and Venezuela lagged somewhat behind, together comprising a further %.Rwanda recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of plantain per capita consumption in
were Cameroon ( kg per person), Uganda ( kg per person) and Ghana ( kg per person).From 2012 to
, the most notable rate of growth in terms of plantain per capita consumption, amongst the main consuming countries, was attained by Venezuela, while plantain per capita consumption for the other global leaders experienced more modest paces of growth.Market Forecast
Driven by increasing demand for plantain worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .
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