Africa: Banana And Plantain Market 2024

Banana And Plantain Market Size in Africa

After three years of growth, the African banana and plantain market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then declined slightly in the following year.

Banana And Plantain Production in Africa

In value terms, banana and plantain production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Uganda (X tons), Democratic Republic of the Congo (X tons) and Cameroon (X tons), together comprising X% of total production.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average banana and plantain yield in Africa reduced slightly to X tons per ha, leveling off at 2021. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the banana and plantain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas and plantains production in Africa totaled X ha, standing approx. at the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports in Africa

In 2022, approx. X tons of bananas and plantains were exported in Africa; which is down by X% against 2021. Overall, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports contracted remarkably to $X in 2022. In general, exports saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Cote d'Ivoire (X tons), distantly followed by Cameroon (X tons), Mozambique (X tons) and Ghana (X tons) were the largest exporters of bananas and plantains, together mixing up X% of total exports. South Africa (X tons), Uganda (X tons) and Swaziland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Cameroon ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Mozambique, South Africa, Uganda and Swaziland lagged somewhat behind, together comprising a further X%.

Uganda, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (X%), while the other leaders experienced a decline in the export price figures.

Banana And Plantain Imports

Imports in Africa

In 2022, overseas purchases of bananas and plantains decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, banana and plantain imports fell rapidly to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped markedly in the following year.

Imports by Country

South Africa represented the main importer of bananas and plantains in Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Algeria (X tons), Libya (X tons), Tunisia (X tons) and Senegal (X tons), together creating a X% share of total imports. Morocco (X tons) and Botswana (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to banana and plantain imports into South Africa stood at X%. At the same time, Libya (X%), Tunisia (X%), Botswana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Algeria (X%) and Morocco (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Libya (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total imports, while Morocco and Algeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X), South Africa ($X) and Libya ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Tunisia, Senegal, Morocco and Botswana lagged somewhat behind, together comprising a further X%.

Tunisia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Botswana ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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