Spain - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's September 2023 Plantain Imports Plummet to $3.6M
Spain Plantain Imports
In September 2023, approximately 3.2K tons of plantains were imported into Spain; waning by -12.9% on August 2023. The total import volume increased at an average monthly rate of +1.4% over the period from September 2022 to September 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2023 when imports increased by 32% month-to-month.
In value terms, plantain imports fell to $3.6M (IndexBox estimates) in September 2023. Over the period under review, total imports indicated a pronounced increase from September 2022 to September 2023: its value increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, imports decreased by -26.0% against May 2023 indices. The pace of growth appeared the most rapid in November 2022 when imports increased by 49% against the previous month.
| COUNTRY | Import Value of Plantain in Spain (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| Ecuador | 1,246 | 1,455 | 2,340 | 2,038 | 2,115 | 2,136 | 2,210 | 1,819 | 2,771 | 2,076 | 1,817 | 1,658 | 1,503 |
| Colombia | 353 | 325 | 685 | 777 | 1,143 | 694 | 915 | 1,102 | 1,520 | 1,104 | 1,113 | 1,121 | 1,054 |
| Portugal | 473 | 357 | 324 | 278 | 200 | 278 | 408 | 271 | 322 | 400 | 482 | 527 | 535 |
| Belgium | 137 | 105 | 116 | 171 | 257 | 138 | 528 | 160 | 98.8 | 106 | 56.1 | 86.9 | 83.3 |
| Italy | 52.0 | 71.8 | 42.2 | 60.2 | 275 | 59.5 | 58.1 | 261 | 39.0 | 26.1 | 51.7 | 79.1 | 78.3 |
| Others | 210 | 211 | 249 | 363 | 304 | 65.2 | 209 | 143 | 102 | 309 | 235 | 315 | 338 |
| Total | 2,471 | 2,525 | 3,756 | 3,687 | 4,294 | 3,371 | 4,329 | 3,756 | 4,853 | 4,021 | 3,755 | 3,787 | 3,592 |
Imports by Country
Ecuador (1.3K tons), Colombia (940 tons) and Portugal (511 tons) were the main suppliers of plantain imports to Spain, with a combined 87% share of total imports.
From September 2022 to September 2023, the biggest increases were in Colombia (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest plantain suppliers to Spain were Ecuador ($1.5M), Colombia ($1.1M) and Portugal ($535K), together comprising 86% of total imports.
Colombia, with a CAGR of +9.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In September 2023, the plantain price stood at $1,122 per ton (CIF, Spain), picking up by 8.8% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices attained the peak figure at $1,206 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($1,766 per ton), while the price for Belgium ($826 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Panama (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the plantain market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
