Europe: Plantain Market 2024

Plantain Market Size in Europe

The Europe plantain market surged to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Plantain Production in Europe

In value terms, plantain production expanded slightly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Ireland (X tons), Albania (X tons) and Poland (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Ireland (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

Plantain Exports

Exports in Europe

After three years of growth, overseas shipments of plantains decreased by X% to X tons in 2022. Overall, exports recorded a pronounced setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, plantain exports reduced remarkably to $X in 2022. In general, exports showed a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the largest exporter of plantains, making up X% of total exports. It was distantly followed by Belgium (X tons), Hungary (X tons), Portugal (X tons), Italy (X tons), Spain (X tons) and Greece (X tons), together making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plantain exports from the Netherlands stood at X%. At the same time, Portugal (X%) and Spain (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Greece experienced a relatively flat trend pattern. By contrast, Hungary (X%), Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Portugal (X p.p.), Hungary (X p.p.), Spain (X p.p.) and Greece (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) emerged as the largest plantain supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Greece ($X per ton) was amongst the lowest.

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

Plantain Imports

Imports in Europe

After three years of growth, overseas purchases of plantains decreased by X% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, plantain imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Romania (X tons), Belgium (X tons), Italy (X tons), Spain (X tons), Hungary (X tons), the UK (X tons), the Netherlands (X tons), France (X tons), North Macedonia (X tons) and Bulgaria (X tons) represented the key importer of plantains in Europe, committing X% of total import.

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

In value terms, Romania ($X), Belgium ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Spain, France, the UK, Hungary, the Netherlands, North Macedonia and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bulgaria, with a CAGR of X%, 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 import price in Europe amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform