Peru: Banana And Plantain Market 2024

Banana And Plantain Market Size in Peru

The Peruvian banana and plantain market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Banana and plantain consumption peaked in 2022 and is likely to see steady growth in years to come.

Banana And Plantain Production in Peru

In value terms, banana and plantain production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. Banana and plantain production peaked at $X in 2020; afterwards, it flattened through to 2022.

In 2022, the average yield of bananas and plantains in Peru was estimated at X tons per ha, leveling off at 2021. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the average banana and plantain yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of bananas and plantains in Peru dropped to X ha, remaining stable against the year before. The harvested area 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 recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The banana and plantain harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Banana And Plantain Exports

Exports from Peru

In 2022, shipments abroad of bananas and plantains decreased by X% to X tons, falling for the fourth year in a row after seven years of growth. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana and plantain exports fell remarkably to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Panama (X tons) and the United States (X tons) were the main destinations of banana and plantain exports from Peru, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from Peru were the Netherlands ($X), Panama ($X) and the United States ($X), together accounting for X% of total exports.

Panama, with a CAGR of X%, saw the highest growth rate of 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, leveling off at the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and South Korea ($X per ton), while the average price for exports to Panama ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Banana And Plantain Imports

Imports into Peru

Banana and plantain imports into Peru declined rapidly to X tons in 2022, reducing by X% against the previous year's figure. Overall, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports declined notably to $X in 2022. In general, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ecuador (X tons) was the main supplier of banana and plantain to Peru, 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 totaled X%.

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Peru.

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

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price saw a deep reduction. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Bolivia amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :