Banana Chips Market 3j5ji

PHL banana industry pins hope on chips for revenue November 12, 2012 3:43pm Tags: bananas, bananaindustry, bananachips, by JULIA JASMINE MADRAZO STA. ROMANA The banana export industry in the Philippines, reeling from China's strict quarantine measures that has resulted in many rejected shipments, is pinning its hopes on banana chips’ good performance in the world market to rake in the dollars. According to Trade Undersecretary Merly Cruz, the export value for banana chips has been rising by 15 percent every year since 2009, with $36-million reported revenue last year. Cruz said this is good news since the worldwide snack food market value is expected to rise up to $300 billion by 2015, with 17 percent of that coming from the chips and crisps industry. At present, the Philippines is the only country exporting banana chips. Cruz said there are 35 banana chip processors all over the country—25 in Mindanao, six in Luzon, and four in the Visayas— exporting to countries like Vietnam, USA, , UK and Singapore. “As optimistic as the outlook for this industry is, it has been facing some serious challenges these past few years that could affect industry growth,” Cruz said during the Mindanao Banana Congress last November 8 at the SMX Convention Center. Quoting from the Saba Banana Industry Investment Study launched by the Department of Trade and Industry, Cruz said these problems include the unpredictable supply of saba or cardava, lack of organization between the stakeholders, lack of and financing, and the lack of established quality and safety standards. “The unpredictable supply of cardava banana for banana chips is mainly due to the dwindling land area used for cardava plantations,” Cruz said. To address this problem, the DTI has been promoting cardava planting to banana farmers and has started to provide financial and technical for cardava farmers and nursery operators. The DTI, particularly its Regional Operations and Development Group, which is under Cruz, has also started the call for organization between the banana chip processors and suppliers to help set up standards for

the industry, initiate market information gathering, strengthen market promotions, and establish branding. “With these projects at hand, the DTI aims to achieve a 30% growth in the domestic market and a 20% in the export market per years starting 2013,” Cruz said. — KBK, GMA News - See more at: http://www.gmanetwork.com/news/story/281947/money/phl-bananaindustry-pins-hope-on-chips-for-revenue#sthash.AUyemvAA.dpuf More from: http://www.gmanetwork.com/news/story/281947/money/phl-bananaindustry-pins-hope-on-chips-for-revenue Philippines - One of The Top 4 Banana Producers Bananas are the fourth largest produced fruit crop of the world and grown by small-scale and large-scale producers alike. At present, Philippine is one of the world's largest banana producers which ranked as the fourth after India, Uganda, China. Which had( It has )produced more than 9.2 million tonnes of bananas, ing for almost 6 percent of the global production (the latest statistics in 2014). The country is also the main world exporter of banana chips, which (having been )exported to 30 countries with US and EU being the major importers.

Banana Chips in Domestic and international Market Analysis (Domestic and Export Market of Banana Chips in Philippines) More than 31 producers of banana chips in the Philippines (a total of 41 manufacturers) are mostly found in Mindanao where banana Cardava is widespread and adequately available. And utilized 35% of the Cardava annual production to processed into banana chips. In Mindanao, the producers of banana chips were the important participant in traditionally local banana markets, and control it market prices. However during the recent years, producers of banana chips cannot readily adjust to the market prices since their contracts with importers were made 6 months before. This situation

has been further complicated due to the ongoing changes of international currency exchange rate. One big boast to the export potential of the Philippines is the banana chips. Cardaba banana is main ingredient which used to processed banana chips. Cardava banana are mainly production in Mindanao ing for about 48% in of production and 41% in of area planted. 90 percent of country's banana chips is produced by the Mindanao. In 2005, amounting to USD 35.5 million of processed banana chips. In 2008 it amounted to UDS 56.3 billion, and increase of nearly 10 percent since 2007. It is forecasted that the banana chips international market can increase around 10%-15% per year. In Philippines the banana chips of traditional main export markets are Vietnam, US, China, UK and which s for about 64% of the total banana chip from 2007-2011. In most of these countries, banana chips as the most marketable product, and have a big market potential. With increasing consciousness for healthy snack food, food technologists have suggested that for banana chips to penetrate into the export market in particular European countries where there are rigid nutritional requirements, the packaging as well as the nutritional quality must be improved especially Banana Chips Processing Equipment Analysis There are two kind of produced banana chips in Philippines. On one side is a highly managed commercial banana chips factory which used state-of-the-art facility ( Automatic Banana Chips Production Line). On the other side is farmer-cooperators adopt semi-auto banana chips production line which small scale banana chips production, like husbands produced quality fresh Cardava banana while their wives were encouraged to improve the process techniques of banana chips.

Information: Rising global demand for bananas May 22, 2014 http://www.mb.com.ph/information-rising-global-demand-forbananas/ Demand also rose from traditional markets Japan and South Korea, and new markets Indonesia, Pakistan, Jordan, and the rest of the Middle

East. Banana exports to United Arab Emirates jumped to $79 million in 2013 from $42.2 million in 2012. Japan has consistently been the largest importer of Philippine bananas, ing for 60% of total fresh banana exports and 15% of banana chips exports. We are now seeking to expand our global market, targeting Italy and Spain, as well as Russia, the Scandinavian countries, Canada, and Southeast Asia.