ASEAN: Plantain Market 2024

Plantain Market Size in ASEAN

In 2022, the ASEAN plantain market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a perceptible decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plantain Production in ASEAN

In value terms, plantain production reached $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The Philippines (X tons) remains the largest plantain producing country in ASEAN, comprising approx. X% of total volume. Moreover, plantain production in the Philippines exceeded the figures recorded by the second-largest producer, Myanmar (X tons), twofold.

In the Philippines, plantain production remained relatively stable over the period from 2012-2022.

In 2022, the average yield of plantains in ASEAN contracted slightly to X tons per ha, standing approx. at 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2015; however, from 2016 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, approx. X ha of plantains were harvested in ASEAN; approximately mirroring the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to plantain production reached the peak figure at X ha in 2021, and then declined modestly in the following year.

Plantain Exports

Exports in ASEAN

In 2022, approx. X tons of plantains were exported in ASEAN; with a decrease of X% compared with the previous year's figure. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plantain exports dropped dramatically to $X in 2022. Overall, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia represented the major exporting country with an export of about X tons, which finished at X% of total exports. Cambodia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%). Vietnam (X tons) held a relatively small share of total exports.

Indonesia was also the fastest-growing in terms of the plantains exports, with a CAGR of X% from 2012 to 2022. Vietnam and Cambodia experienced a relatively flat trend pattern. the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Cambodia and Vietnam increased by X, X and X percentage points, respectively.

In value terms, the largest plantain supplying countries in ASEAN were Indonesia ($X), Cambodia ($X) and the Philippines ($X), together comprising X% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, 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.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%).

Plantain Imports

Imports in ASEAN

In 2022, the amount of plantains imported in ASEAN shrank to X tons, declining by X% against 2021 figures. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, plantain imports rose markedly to $X in 2022. In general, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Brunei Darussalam prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Singapore (X tons), mixing up a X% share of total imports.

Brunei Darussalam was also the fastest-growing in terms of the plantains imports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brunei Darussalam ($X) constitutes the largest market for imported plantains in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brunei Darussalam stood at X%.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, picking up by X% against the previous year. Overall, the import price enjoyed a temperate increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brunei Darussalam ($X per ton), while Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%).

Source: IndexBox Platform

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