Indonesia: Banana And Plantain Market 2024

Banana And Plantain Market Size in Indonesia

The Indonesian banana and plantain market was estimated at $X in 2022, stabilizing at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Banana And Plantain Production in Indonesia

In value terms, banana and plantain production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of bananas and plantains in Indonesia totaled X tons per ha in 2022, growing by X% on the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X%. Over the period under review, the average banana and plantain yield attained the maximum level at X tons per ha in 2018; however, from 2019 to 2022, the yield stood 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.

The banana and plantain harvested area in Indonesia reached X ha in 2022, stabilizing at 2021. The harvested area 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the banana and plantain harvested area failed to regain momentum.

Banana And Plantain Exports

Exports from Indonesia

In 2022, overseas shipments of bananas and plantains increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for banana and plantain exports from Indonesia, accounting for a X% share of total exports. Moreover, banana and plantain exports to Malaysia exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Singapore (X tons), with a X% share.

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

In value terms, Malaysia ($X) remains the key foreign market for bananas and plantains exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a pronounced descent. The pace of growth appeared 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 remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Malaysia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Indonesia

After two years of decline, supplies from abroad of bananas and plantains increased by X% to X tons in 2022. Over the period under review, imports, however, saw a sharp decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports skyrocketed to $X in 2022. Overall, imports, however, faced a deep reduction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons) and France (X tons) were the main suppliers of banana and plantain imports to Indonesia.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X.5%).

In value terms, France ($X) and Singapore ($X) constituted the largest banana and plantain suppliers to Indonesia.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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