EU: Banana And Plantain Market 2024

Banana And Plantain Market Size in the EU

After four years of growth, the EU banana and plantain market decreased by -8.5% to $X in 2022. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Banana And Plantain Production in the EU

In value terms, banana and plantain production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 51%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of banana and plantain production was Germany (X tons), accounting for 56% of total volume. Moreover, banana and plantain production in Germany exceeded the figures recorded by the second-largest producer, Poland (X tons), threefold. Spain (X tons) ranked third in terms of total production with a 15% share.

From 2012 to 2022, the average annual growth rate of volume in Germany stood at +7.3%. In the other countries, the average annual rates were as follows: Poland (+8.2% per year) and Spain (+1.1% per year).

The average banana and plantain yield dropped modestly to X tons per ha in 2022, which is down by -2.4% against the previous year. In general, the yield saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Over the period under review, the banana and plantain yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas and plantains production in the European Union contracted to X ha, reducing by -5.4% on the year before. Over the period under review, the harvested area, however, posted resilient growth. The growth pace was the most rapid in 2018 when the harvested area increased by 73%. Over the period under review, the harvested area dedicated to banana and plantain production attained the peak figure at X ha in 2021, and then contracted in the following year.

Banana And Plantain Exports

Exports in the EU

In 2022, overseas shipments of bananas and plantains decreased by -30.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. The volume of export peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, banana and plantain exports declined sharply to $X in 2022. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands was the largest exporting country with an export of around X tons, which recorded 41% of total exports. Germany (X tons) ranks second in terms of the total exports with a 14% share, followed by France (11%) and Belgium (5.7%). Italy (X tons), Slovenia (X tons), Spain (X tons), Greece (X tons), Poland (X tons), the Czech Republic (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to banana and plantain exports from the Netherlands stood at +20.6%. At the same time, Slovenia (+22.1%), Poland (+11.8%), Portugal (+10.8%), Greece (+7.2%), Italy (+4.4%), the Czech Republic (+2.6%) 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 +22.1% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, France (-1.2%) and Belgium (-20.6%) illustrated a downward trend over the same period. The Netherlands (+35 p.p.), Slovenia (+3.5 p.p.), Germany (+2.2 p.p.), Poland (+1.8 p.p.) and Italy (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -48.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest banana and plantain supplier in the European Union, comprising 42% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by France, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +20.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.1% per year) and France (-1.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 an increase of 2.7% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 (-0.0%), while the other leaders experienced a decline in the export price figures.

Banana And Plantain Imports

Imports in the EU

After six years of growth, purchases abroad of bananas and plantains decreased by -17.6% to X tons in 2022. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 23%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined rapidly in the following year.

In value terms, banana and plantain imports reduced rapidly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons), France (X tons) and Italy (X tons) represented roughly 55% of total imports in 2022. Poland (X tons) ranks next in terms of the total imports with a 6.7% share, followed by Spain (6%). Belgium (X tons), Romania (X tons), Portugal (X tons), Greece (X tons), Sweden (X tons), the Czech Republic (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together comprising 44% of total imports. Italy, Poland, Spain, Belgium, Romania, Sweden, Portugal, Greece, the Czech Republic and Austria lagged somewhat behind, together comprising a further 43%.

Romania, with a CAGR of +12.3%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 4%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 France (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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