Cote d'Ivoire: Plantain Market 2024

Plantain Market Size in Cote d'Ivoire

In 2023, after three years of decline, there was growth in the Cote d'Ivoire's plantain market, when its value increased by X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Plantain Production in Cote d'Ivoire

In value terms, plantain production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Plantain production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

In 2023, the average plantain yield in Cote d'Ivoire fell slightly to X tons per ha, approximately mirroring the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. The plantain yield peaked at X tons per ha in 2017; however, from 2018 to 2023, 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 2023, approx. X ha of plantains were harvested in Cote d'Ivoire; stabilizing at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X% against the previous year. The plantain harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Plantain Exports

Exports from Cote d'Ivoire

In 2023, shipments abroad of plantains decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then dropped in the following year.

In value terms, plantain exports reached $X in 2023. Over the period under review, exports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X tons) was the main destination for plantain exports from Cote d'Ivoire, with a X% share of total exports. Moreover, plantain exports to Mali exceeded the volume sent to the second major destination, Niger (X tons), eightfold.

From 2012 to 2023, the average annual growth rate of volume to Mali stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Burkina Faso (X% per year).

In value terms, Mali ($X) remains the key foreign market for plantains exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Mali stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The average plantain export price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced a decline.

Plantain Imports

Imports into Cote d'Ivoire

In 2023, the amount of plantains imported into Cote d'Ivoire amounted to X tons, almost unchanged from 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in years to come.

In value terms, plantain imports amounted to $X in 2023. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Nigeria (X tons) was the main plantain supplier to Cote d'Ivoire, with a approx. X% share of total imports.

From 2015 to 2023, the average annual growth rate of volume from Nigeria was relatively modest.

In value terms, Nigeria ($X) constituted the largest supplier of plantains to Cote d'Ivoire.

From 2015 to 2023, the average annual growth rate of value from Nigeria was relatively modest.

Import Prices by Country

In 2023, the average plantain import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2015 to 2023, the rate of growth in terms of prices for Ghana amounted to X% per year.

Source: IndexBox Platform