Cote d'Ivoire: Banana Market 2024

Banana Market Size in Cote d'Ivoire

The Cote d'Ivoire's banana market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a tangible increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Banana Production in Cote d'Ivoire

In value terms, banana production amounted to $X in 2022 estimated in export price. The total output 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. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The average yield of bananas in Cote d'Ivoire expanded significantly to X tons per ha in 2022, increasing by X% against 2021 figures. Over the period under review, the yield, however, saw a noticeable slump. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average banana yield remained at a somewhat lower figure. 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 production in Cote d'Ivoire totaled X ha, approximately reflecting the previous year. Overall, the harvested area showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to banana production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Banana Exports

Exports from Cote d'Ivoire

Banana exports from Cote d'Ivoire shrank notably to X tons in 2022, declining by X% compared with the year before. Over the period under review, exports, however, enjoyed tangible growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, banana exports declined markedly to $X in 2022. In general, exports recorded a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for banana exports from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, banana exports to France exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the UK (X% per year).

In value terms, France ($X) remains the key foreign market for bananas exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a deep reduction. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced mixed trend patterns.

Banana Imports

Imports into Cote d'Ivoire

In 2022, purchases abroad of bananas decreased by X% to X kg, falling for the second year in a row after three years of growth. Overall, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, banana imports reduced dramatically to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X kg) was the main banana supplier to Cote d'Ivoire, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador amounted to X%.

In value terms, Ecuador ($X) constituted the largest supplier of bananas to Cote d'Ivoire.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador totaled X%.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price showed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to X% per year.

Source: IndexBox Platform

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