Austria: Banana Market 2025

Banana Market Size in Austria

The Austrian banana market rose notably to $X in 2022, picking up by 7.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Banana Exports

Exports from Austria

For the fifth year in a row, Austria recorded decline in shipments abroad of bananas, which decreased by -3.9% to X tons in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, banana exports shrank slightly to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 22%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovenia (X tons), Hungary (X tons) and Germany (X tons) were the main destinations of banana exports from Austria, with a combined 84% share of total exports. Italy, Switzerland and Slovakia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +3.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Slovenia ($X), Hungary ($X) and Germany ($X) appeared to be the largest markets for banana exported from Austria worldwide, with a combined 83% share of total exports. Switzerland, Italy and Slovakia lagged somewhat behind, together comprising a further 16%.

Among the main countries of destination, Slovakia, with a CAGR of +7.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average banana export price stood at $X per ton in 2022, rising by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 8.1% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovakia ($X per ton) and Switzerland ($X per ton), while the average price for exports to Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Banana Imports

Imports into Austria

In 2022, the amount of bananas imported into Austria expanded slightly to X tons, surging by 2.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 9.2%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, banana imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of banana to Austria, with a 48% share of total imports. Moreover, banana imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 23% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +311.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+72.7% per year) and the Netherlands (+138.1% per year).

In value terms, the largest banana suppliers to Austria were Belgium ($X), Germany ($X) and the Netherlands ($X), together comprising 88% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +301.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, picking up by 5.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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