EU: Banana Market 2025

Banana Market Size in the EU

The EU banana market fell to $X in 2022, which is down by -6.6% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Banana Production in the EU

In value terms, banana production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Germany (X tons), France (X tons) and Spain (X tons), together accounting for 76% of total production.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +3.9%), while production for the other leaders experienced more modest paces of growth.

The average banana yield stood at X tons per ha in 2022, increasing by 2.6% against the previous year. Over the period under review, the yield, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the yield increased by 19%. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the banana harvested area in the European Union contracted to X ha, which is down by -5.4% on 2021. In general, the harvested area, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 73%. Over the period under review, the harvested area dedicated to banana production reached the peak figure at X ha in 2021, and then dropped in the following year.

Banana Exports

Exports in the EU

After six years of growth, overseas shipments of bananas decreased by -30.1% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, banana exports fell rapidly to $X in 2022. Overall, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced notably in the following year.

Exports by Country

The Netherlands was the key exporter of bananas in the European Union, with the volume of exports recording X tons, which was near 42% of total exports in 2022. Germany (X tons) held the second position in the ranking, followed by France (X tons) and Belgium (X tons). All these countries together took near 31% share of total exports. The following exporters - Italy (X tons), Slovenia (X tons), Spain (X tons), Poland (X tons), Greece (X tons), the Czech Republic (X tons) and Portugal (X tons) - together made up 20% of total exports.

Exports from the Netherlands increased at an average annual rate of +21.4% from 2012 to 2022. At the same time, Slovenia (+21.9%), Poland (+12.2%), Portugal (+10.1%), Greece (+8.1%), Italy (+5.0%), the Czech Republic (+2.7%) and Germany (+1.1%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +21.9% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, France (-1.2%) and Belgium (-20.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+36 p.p.), Slovenia (+3.6 p.p.), Germany (+2.1 p.p.), Poland (+1.9 p.p.) and Italy (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-49.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest banana supplier in the European Union, comprising 43% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by France, with a 9.5% share.

In the Netherlands, banana exports expanded at an average annual rate of +21.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.1% per year) and France (-1.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 2.6% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Belgium ($X per ton), while France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.1%), while the other leaders experienced a decline in the export price figures.

Banana Imports

Imports in the EU

In 2022, supplies from abroad of bananas decreased by -17.8% to X tons for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. The volume of import peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, banana imports reduced rapidly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

The countries with the highest levels of banana imports in 2022 were Germany (X tons), the Netherlands (X tons), France (X tons) and Italy (X tons), together accounting for 56% of total import. It was distantly followed by Poland (X tons) and Spain (X tons), together making up a 13% share of total imports. Belgium (X tons), Portugal (X tons), Greece (X tons), Sweden (X tons), the Czech Republic (X tons), Romania (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest banana importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined 46% share of total imports.

The Netherlands, with a CAGR of +14.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by 4.2%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Austria ($X per ton) and France ($X per ton), while Italy ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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