Haiti: Plantain Market 2020

Plantain Market Size in Haiti

The revenue of the plantain market in Haiti amounted to $X in 2018, therefore, remained relatively stable against the previous year. Overall, plantain consumption continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the plantain market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Plantain Production in Haiti

In value terms, plantain production totaled $X in 2018 estimated in export prices. In general, plantain production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, plantain production attained its maximum level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

In 2018, the average plantain yield in Haiti amounted to X ton per ha, remaining stable against the previous year. Overall, the plantain yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when yield increased by X% y-o-y. Over the period under review, the plantain yield reached its peak figure level at X ton per ha in 2012; however, from 2013 to 2018, 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.

Plantain harvested area in Haiti totaled X ha in 2018, remaining constant against the previous year. Overall, the plantain harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, the plantain harvested area reached its peak level of X ha. From 2012 to 2018, the growth of the plantain harvested area failed to regain its momentum.

Plantain Exports

Exports from Haiti

In 2018, the exports of plantains from Haiti amounted to X kg, lowering by -X% against the previous year. Overall, plantain exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2012 with a decrease of -X% year-to-year. Over the period under review, plantain exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, plantain exports stood at $X in 2018. Over the period under review, plantain exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when exports decreased by -X% y-o-y. Over the period under review, plantain exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, the Philippines (X tons), Guatemala (X tons) and Ecuador (X tons) represented the major exporters of plantains in the world, creating X% of total export. It was distantly followed by the Dominican Republic (X tons) and Colombia (X tons), together constituting a X% share of total exports. The following exporters - Mozambique (X tons), Nicaragua (X tons), Cote d'Ivoire (X tons), the Netherlands (X tons), the U.S. (X tons) and Belgium (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Guatemala ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the Philippines, Colombia, the Netherlands, the U.S., Belgium, Cote d'Ivoire, Nicaragua, Mozambique and Haiti, which together accounted for a further X Netherlands recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The plantain export price in Haiti stood at $X per ton in 2018, standing approx. at the previous year. In general, the plantain export price continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2009 when the export price increased by X% against the previous year. Over the period under review, the export prices for plantains attained their maximum at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the other leaders experienced more modest paces of growth.

Plantain Imports

Imports into Haiti

Plantain imports into Haiti amounted to X tons in 2018, surging by X% against the previous year. In general, plantain imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. In that year, plantain imports attained their peak of X tons. From 2017 to 2018, the growth of plantain imports remained at a lower figure.

In value terms, plantain imports stood at $X in 2018. Overall, plantain imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, plantain imports reached their peak figure in 2018 and are likely to see steady growth in the near future.

Imports by Country

The U.S. represented the key importer of plantains in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. South Africa (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Saudi Arabia (X%), the Netherlands (X%) and Romania (X%). The United Arab Emirates (X tons), the UK (X tons), Belgium (X tons), France (X tons), Senegal (X tons), Poland (X tons) and Macedonia (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to plantain imports into the U.S. stood at +X%. At the same time, the United Arab Emirates (+X%), Senegal (+X%), Romania (+X%), South Africa (+X%), the UK (+X%), Macedonia (+X%), Poland (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Saudi Arabia (-X%), Belgium (-X%) and France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), South Africa (+X p.p.), Romania (+X p.p.), the United Arab Emirates (+X p.p.), Senegal (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while Belgium, Saudi Arabia and France saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported plantains into Haiti, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the plantain import price in Haiti amounted to $X per ton, picking up by X% against the previous year. Overall, the import price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, plantain import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the import prices for plantains attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform