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Philippine Banana Supply
and Utilization
The Philippines exported a total
of 1.6 million metric tons banana in all forms in 2002, which
it grew out 106 % higher than exports in 1978 of only around
0.8 million metric tons. Import of banana rarely occurs, only
in 1996 and 1998 that Philippines imported banana at around 6.35
and 37.48 metric tons respectively. Gross supply is around 5.3
million metric tons in 2002, which is 4% higher than gross supply
in 2001, which is 5.0 million metric tons. Banana utilized as
feeds and wastes in 2002 has a total of 214,769 metric tons,
which is 3.5% higher than utilization for feeds and wastes in
2001. Processed banana totals to 894,870 metric tons in 2002,
3.5% higher than processed banana in 2001, which is 864,663 metric
tons. Net food disposed in 2002 is almost 2.5 million metric
tons. The country's per capita consumption for banana is about
31/kg/person/yr and 85.11 grams per day (Table 9).
Price Trend
- Local prices fluctuate considering
the perishability and availability of the fruit
- Lakatan fruits command better
selling prices than Latundan and Bungulan
- Farm gate price for Saba is
P43/100; Lakatan is about P1.47/piece
- Market Assistance
- Inadequate financing program
for banana at the farm and market levels
Technical Support
- Experts on various disciplines
are drawn from both the government and private sectors
Demand/Supply
In 1993, local demand for the
fruit used up 62% of the total production. The remaining 38%
was exported fresh.
The 62% that was consumed locally was ether fresh or processed.
A volume of the locally processed bananas, however, was exported
in 1993. Due to lack of data, the exact volume of those that
were exported cannot be segregated from those that were consumed
locally.
Based on the per capita consumption in 1993, demand for banana
is expected to reach 4,069 thousand metric tons (mt) in 2000.
supply shortfall is seen to widen by an average of 6% annually
from 1989 to 2000 (Table 10).
World Trade
Exports
Total banana exports in 1998
were 13.5 million metric tons valued at US$4.9 billion. The Latin
American countries of Ecuador, Costa Rica and Columbia were the
world's top three exporters of banana with a combined total export
volume of 7.2 million metric tons valued at US$2 billion or a
share of 43% of the world's banana export volume.
The Philippines, is the only
Asian country included in the world's top exporters of banana,
ranking 5th with 1.1 million metric tons of export valued at
US$217 million or a share of 7%. The European Union, although
not producing banana but engaged in the re-export of banana among
its country members, was included in the world's major exporters
of banana contributing 1.6 million metric tons valued at US$1.4
billion or a share of 10% 0f the world's total exports.
Imports
The world's total imports of
banana in 1998 were 13.1 million metric tons valued at US$6.5
billion. The top importing countries were the 15 member countries
of the European Union, USA, the Asian countries of Japan and
China, the Russian Federation and Canada.
The EU was the top importer
of banana with combined volume of 4.5 million metric tons or
a share or 34%. The US followed with 3.9 million metric tons
contributing 30% of the total imports. Japan had a share of 7%.
Philippines Banana Performance
in the International market
Philippine Banana Exports are
mostly sold in the Asia (Japan, Korea, and Hongkong), EU and
US markets. The Philippines ranked 1st in the fresh banana imports
of Japan during the period 1993-1997 contributing 74% of the
total Japan importation. In terms of banana dried, it rank 4th
with a share of 1%. Ecuador dominates Japan market for banana
dried with 90% share. On the other hand, the Philippines is the
top exporter of banana fresh/dried in Korea and Hongkong with
87% and 67% share respectively. In the US and European market,
the Philippines lagged behind other major exporters of banana
in the world. In the US market, Philippines ranked 32nd in the
top banana fresh/dried supplier with less than 1% share. Top
suppliers of banana to US are the Latin American countries like
Costa Rica with 25% share, Ecuador with 23% share and Columbia
with 15% share. Likewise in United Kingdom, Philippines share
of banana fresh/dried exports is less than 1% ranking 31st. The
top exporters of banana to UK are France and St. Lucia both with
14% share. In Germany, Philippines share of banana fresh/dried
exports is also less than one ranking 23rd in the list. The top
exporters of banana to Germany are Belgium and Ecuador both with
19% share of the total Germany banana imports.
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