Ecuador: Banana And Plantain Market 2024

Banana And Plantain Market Size in Ecuador

The Ecuadorian banana and plantain market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption showed a abrupt decline. Banana and plantain consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Banana And Plantain Production in Ecuador

In value terms, banana and plantain production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Banana and plantain production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of bananas and plantains in Ecuador totaled X tons per ha in 2022, stabilizing at the previous year. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average banana and plantain 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 banana and plantain harvested area in Ecuador declined to X ha in 2022, waning by X% on 2021. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the banana and plantain harvested area failed to regain momentum.

Banana And Plantain Exports

Exports from Ecuador

In 2022, banana and plantain exports from Ecuador rose notably to X tons, surging by X% against 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, banana and plantain exports shrank notably to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Russia (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of banana and plantain exports from Ecuador, together comprising X% of total exports. Turkey, Argentina, Chile, Saudi Arabia, Italy, Belgium, Germany, China, Iraq and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

In value terms, Russia ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for banana and plantain exported from Ecuador worldwide, with a combined X% share of total exports. Turkey, Argentina, Chile, Saudi Arabia, Italy, Belgium, China, Germany, Iraq and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Italy ($X per ton), while the average price for exports to the United States ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Ecuador

In 2022, supplies from abroad of bananas and plantains increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports, however, faced a dramatic shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, banana and plantain imports fell dramatically to $X in 2022. In general, imports, however, faced a dramatic descent. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of banana and plantain to Ecuador, with a X% share of total imports. Moreover, banana and plantain imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the United States (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of bananas and plantains to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the United States (X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Chile ($X per ton) and the United Arab Emirates ($X per ton), while the price for Peru ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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