Germany: Banana And Plantain Market 2024

Banana And Plantain Market Size in Germany

The German banana and plantain market declined to $X in 2022, with a decrease of -10.7% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.9% against 2019 indices. Banana and plantain consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Germany

In value terms, banana and plantain production fell to $X in 2022 estimated in export price. Overall, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 101% against the previous year. Banana and plantain production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of bananas and plantains in Germany totaled less than X kg per ha in 2022, approximately mirroring 2021. Over the period under review, the yield showed 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, the harvested area of bananas and plantains in Germany totaled less than X ha, approximately equating the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Banana And Plantain Exports

Exports from Germany

After three years of growth, shipments abroad of bananas and plantains decreased by -8.9% to X tons in 2022. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 19% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports contracted to $X in 2022. Overall, exports saw a mild contraction. The pace of growth appeared the most rapid in 2013 with an increase of 23%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for banana and plantain exports from Germany, accounting for a 27% share of total exports. Moreover, banana and plantain exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+1.7% per year) and the Netherlands (-0.4% per year).

In value terms, the largest markets for banana and plantain exported from Germany were Poland ($X), the Czech Republic ($X) and the Netherlands ($X), together comprising 44% of total exports. Denmark, Romania, Austria, Hungary, Latvia, Finland and Sweden lagged somewhat behind, together accounting for a further 50%.

Romania, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 4.3% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Denmark ($X per ton) and Austria ($X per ton), while the average price for exports to Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+0.2%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Germany

In 2022, purchases abroad of bananas and plantains decreased by -9.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 13%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, banana and plantain imports reduced to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 18%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Colombia (X tons), Ecuador (X tons) and Costa Rica (X tons) were the main suppliers of banana and plantain imports to Germany, together comprising 76% of total imports. The Dominican Republic, Guatemala, Panama, Cameroon and Peru lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala (with a CAGR of +56.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain suppliers to Germany were Costa Rica ($X), Ecuador ($X) and Colombia ($X), together accounting for 73% of total imports. The Dominican Republic, Guatemala, Panama, Cameroon and Peru lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Guatemala, with a CAGR of +61.5%, recorded the highest rates of growth with regard to 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

The average banana and plantain import price stood at $X per ton in 2022, reducing by -4.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 4.8%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Dominican Republic ($X per ton) and Peru ($X per ton), while the price for Colombia ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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