Israel: Banana Market 2024

Banana Market Size in Israel

The Israeli banana market expanded notably to $X in 2022, surging by 7% against the previous year. In general, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Banana Production in Israel

In value terms, banana production totaled $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 38%. Banana production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average banana yield in Israel stood at X tons per ha, flattening at 2021. Over the period under review, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by 13%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average banana yield remained 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 banana harvested area in Israel reached X ha, surging by 1.7% compared with 2021 figures. The harvested area increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the harvested area increased by 6.5% against the previous year. Over the period under review, the harvested area dedicated to banana production attained the maximum at X ha in 2020; afterwards, it flattened through to 2022.

Banana Exports

Exports from Israel

In 2022, approx. X tons of bananas were exported from Israel; with a decrease of -44.9% on the previous year. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 818%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana exports reduced rapidly to $X in 2022. Over the period under review, exports showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 670% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for banana exports from Israel, with a 66% share of total exports. Moreover, banana exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.9% per year) and France (-27.6% per year).

In value terms, Austria ($X) remains the key foreign market for bananas exports from Israel, comprising 62% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.4% per year) and France (-0.1% per year).

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, with an increase of 2.5% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana export price decreased by -14.0% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Banana Imports

Imports into Israel

In 2022, banana imports into Israel skyrocketed to X tons, rising by 61% compared with 2021 figures. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 327%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, banana imports surged to $X in 2022. Overall, imports recorded measured growth. The pace of growth was the most pronounced in 2020 when imports increased by 148% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest banana supplier to Israel, with a 67% share of total imports. Moreover, banana imports from Thailand exceeded the figures recorded by the second-largest supplier, Ghana (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+224.1% per year) and Vietnam (+27.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of bananas to Israel, comprising 56% of total imports. The second position in the ranking was taken by Ghana ($X), with a 14% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+51.3% per year) and China (+12.4% per year).

Import Prices by Country

The average banana import price stood at $X per ton in 2022, dropping by -24.6% against the previous year. In general, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 24% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($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 (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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