Belgium: Banana Market 2025

Banana Market Size in Belgium

The Belgian banana market fell markedly to $X in 2022, with a decrease of -24.8% against the previous year. Over the period under review, consumption continues to indicate a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Banana Production in Belgium

In value terms, banana production contracted sharply to $X in 2022 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 44%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of bananas in Belgium was estimated at less than X kg per ha in 2022, approximately reflecting the previous year's figure. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of bananas were harvested in Belgium; approximately mirroring 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Banana Exports

Exports from Belgium

Banana exports from Belgium shrank remarkably to X tons in 2022, which is down by -87.4% against the previous year. Overall, exports saw a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 974%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, banana exports shrank notably to $X in 2022. In general, exports faced a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 906% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for banana exports from Belgium, with a 36% share of total exports. Moreover, banana exports to France exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-16.9% per year) and the Netherlands (-18.5% per year).

In value terms, France ($X) remains the key foreign market for bananas exports from Belgium, comprising 42% of total exports. The second position in the ranking was taken by Poland ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-18.9% per year) and the Netherlands (-21.1% per year).

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Banana Imports

Imports into Belgium

Banana imports into Belgium declined remarkably to X tons in 2022, with a decrease of -77.6% on 2021. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 519% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, banana imports reduced notably to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 553% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest banana supplier to Belgium, accounting for a 37% share of total imports. Moreover, banana imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. Ecuador (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-21.6% per year) and Ecuador (-20.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of bananas to Belgium, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Colombia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.0% per year) and Colombia (-27.0% per year).

Import Prices by Country

The average banana import price stood at $X per ton in 2022, declining by -23.8% against the previous year. In general, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2020 an increase of 5.5% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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