Greece: Banana And Plantain Market 2025

Banana And Plantain Market Size in Greece

The Greek banana and plantain market shrank to $X in 2022, waning by -4% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Greece

In value terms, banana and plantain production reduced to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 102%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of bananas and plantains in Greece declined to X tons per ha in 2022, waning by -3.7% on 2021. Over the period under review, the yield indicated a remarkable increase from 2012 to 2022: its figure increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana and plantain yield increased by +4.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, the average banana and plantain yield attained the peak level at X tons per ha in 2021, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana and plantain harvested area in Greece was estimated at X ha in 2022, remaining constant against 2021 figures. Over the period under review, the harvested area showed a deep downturn. The pace of growth appeared the most rapid in 2018 when the harvested area increased by 25% against the previous year. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Greece

After three years of decline, shipments abroad of bananas and plantains increased by 13% to X tons in 2022. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 61%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports soared to $X in 2022. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 51%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Cyprus (X tons) were the main destinations of banana and plantain exports from Greece, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +23.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), Bulgaria ($X) and Cyprus ($X) constituted the largest markets for banana and plantain exported from Greece worldwide, with a combined 99% share of total exports.

Romania, with a CAGR of +24.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, rising by 5.9% against the previous year. In general, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+0.9%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Greece

Banana and plantain imports into Greece declined to X tons in 2022, falling by -2.3% compared with the year before. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 -4.9% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 19%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports totaled $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest banana and plantain supplier to Greece, with a 88% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), more than tenfold. Colombia (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (-2.9% per year) and Colombia (+23.9% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Greece, comprising 89% of total imports. The second position in the ranking was held by Costa Rica ($X), with a 4.7% share of total imports. It was followed by Colombia, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (-5.5% per year) and Colombia (+19.3% per year).

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ecuador ($X per ton) and Colombia ($X per ton), while the price for Guatemala ($X per ton) and Costa Rica ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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