Finland: Banana And Plantain Market 2025

Banana And Plantain Market Size in Finland

For the fifth consecutive year, the Finnish banana and plantain market recorded decline in sales value, which decreased by -19% to $X in 2022. In general, consumption showed a mild shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Banana And Plantain Exports

Exports from Finland

Banana and plantain exports from Finland dropped markedly to X tons in 2022, which is down by -15.1% against the previous year's figure. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 347%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports reduced to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 276% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for banana and plantain exports from Finland, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at +36.6%.

In value terms, Estonia ($X) also remains the key foreign market for bananas and plantains exports from Finland.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at +35.7%.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 42% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to -0.7% per year.

Banana And Plantain Imports

Imports into Finland

In 2022, the amount of bananas and plantains imported into Finland shrank remarkably to X tons, waning by -20.2% compared with 2021. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.3% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 34%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, banana and plantain imports shrank rapidly to $X in 2022. In general, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2015 with an increase of 10% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Costa Rica (X tons), Panama (X tons) and Ecuador (X tons) were the main suppliers of banana and plantain imports to Finland, with a combined 88% share of total imports. Peru, the Netherlands, Colombia and Germany lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) constituted the largest supplier of bananas and plantains to Finland, comprising 45% of total imports. The second position in the ranking was held by Panama ($X), with a 21% share of total imports. It was followed by Ecuador, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Costa Rica stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-6.0% per year) and Ecuador (+5.8% per year).

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, growing by 2.2% against the previous year. Overall, the import price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 4%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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