Report Update Apr 1, 2024

Puerto Rico - Plantains - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Plantain Market 2024

Plantain Market Size in Puerto Rico

In 2021, the Puerto Rican plantain market increased by 1.7% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a slight descent. The pace of growth appeared the most rapid in 2018 when the market value increased by 8.4% against the previous year. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Plantain Production in Puerto Rico

In value terms, plantain production expanded to $X in 2021 estimated in export price. Over the period under review, production showed a mild reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.7% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

The average yield of plantains in Puerto Rico declined to X tons per ha in 2021, approximately equating 2020 figures. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2021, the growth of the plantain 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 2021, the total area harvested in terms of plantains production in Puerto Rico stood at X ha, remaining stable against 2020. In general, the harvested area, however, showed a slight contraction. The pace of growth was the most pronounced in 2015 with an increase of 11% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Plantain Exports

Exports by Country

In 2021, Lao People's Democratic Republic (X tons), distantly followed by Ecuador (X tons), Guatemala (X tons), Colombia (X tons) and Myanmar (X tons) represented the largest exporters of plantains, together comprising 80% of total exports. Nicaragua (X tons), Costa Rica (X tons), the Philippines (X tons), the Dominican Republic (X tons) and Mozambique (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of +35.8%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Lao People's Democratic Republic ($X) and Guatemala ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 54% share of total exports. Myanmar, Colombia, Costa Rica, Nicaragua, Mozambique, the Philippines and the Dominican Republic lagged somewhat behind, together comprising a further 24%.

In terms of the main exporting countries, Costa Rica, with a CAGR of +35.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Plantain Imports

Imports by Country

In 2021, China (X tons) represented the key importer of plantains, constituting 32% of total imports. The United States (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Iran (11%) and Saudi Arabia (11%). The following importers - El Salvador (X tons), Belgium (X tons), Spain (X tons), Italy (X tons), Romania (X tons), Qatar (X tons), South Africa (X tons) and the Netherlands (X tons) - together made up 14% of total imports.

China was also the fastest-growing in terms of the plantains imports, with a CAGR of +72.4% from 2012 to 2021. At the same time, Saudi Arabia (+8.8%), Italy (+7.9%), Romania (+4.9%), Qatar (+4.3%), the United States (+3.6%), Spain (+2.9%) and El Salvador (+1.5%) displayed positive paces of growth. By contrast, Belgium (-1.3%), the Netherlands (-5.5%), Iran (-13.6%) and South Africa (-24.7%) illustrated a downward trend over the same period. While the share of China (+32 p.p.), Saudi Arabia (+4.9 p.p.), El Salvador (+3 p.p.) and the United States (+2.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of South Africa (-2.6 p.p.) and Iran (-36 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Iran ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2021, together comprising 52% of total imports.

China, with a CAGR of +63.1%, recorded the highest rates of growth with regard to 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plantains in the world?

The countries with the highest volumes of consumption in 2021 were Uganda, Democratic Republic of the Congo and Ghana, with a combined 39% share of global consumption. Cameroon, the Philippines, Nigeria, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda, China and Venezuela lagged somewhat behind, together comprising a further 43%.

What are the largest producers of plantains in the world?

The countries with the highest volumes of production in 2021 were Uganda, Democratic Republic of the Congo and Ghana, with a combined 39% share of global production.

What are the leading suppliers of plantains to Puerto Rico?

In value terms, the largest plantain importing markets into Puerto Rico were China, Iran and the United States, together comprising 52% of total imports.

What are the leading importers of plantains from Puerto Rico?

In value terms, Ecuador, Lao People's Democratic Republic and Guatemala appeared to be the countries with the highest levels of exports in 2021, with a combined 54% share of total exports. These countries were followed by Myanmar, Colombia, Costa Rica, Nicaragua, Mozambique, the Philippines and the Dominican Republic, which together accounted for a further 24%.

This report provides an in-depth analysis of the plantain market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 489 - Plantains

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023