Belarus: Banana And Plantain Market 2025

Banana And Plantain Market Size in Belarus

The Belarusian banana and plantain market rose markedly to $X in 2022, increasing by 7.1% 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 +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Banana and plantain consumption peaked in 2022 and is likely to see gradual growth in years to come.

Banana And Plantain Exports

Exports from Belarus

In 2022, overseas shipments of bananas and plantains were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 308%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, banana and plantain exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 193%. 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

Lithuania (X tons) was the main destination for banana and plantain exports from Belarus, accounting for a 81% share of total exports. Moreover, banana and plantain exports to Lithuania exceeded the volume sent to the second major destination, Russia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at +40.1%.

In value terms, Lithuania ($X) remains the key foreign market for bananas and plantains exports from Belarus, comprising 95% of total exports. The second position in the ranking was taken by Russia ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania totaled +10.4%.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, falling by -11.8% against the previous year. Over the period under review, the export price showed a perceptible descent. The growth pace was the most rapid in 2017 an increase of 83% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-15.8%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Belarus

In 2022, imports of bananas and plantains into Belarus rose remarkably to X tons, with an increase of 6% on the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, banana and plantain imports stood at $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Ecuador (X tons), Russia (X tons) and Panama (X tons) were the main suppliers of banana and plantain imports to Belarus, together accounting for 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +78.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Russia ($X) and Panama ($X) constituted the largest banana and plantain suppliers to Belarus, with a combined 86% share of total imports.

Among the main suppliers, Panama, with a CAGR of +69.2%, 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

In 2022, the average banana and plantain import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 12%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Guatemala ($X per ton) and Colombia ($X per ton), while the price for Panama ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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