Netherlands: Banana And Plantain Market 2024

Banana And Plantain Market Size in the Netherlands

After two years of growth, the Dutch banana and plantain market decreased by -85.7% to $X in 2022. Overall, consumption recorded a abrupt setback. Over the period under review, the market reached the peak level at $X in 2021, and then fell notably in the following year.

Banana And Plantain Production in the Netherlands

In value terms, banana and plantain production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 87%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average yield of bananas and plantains in the Netherlands stood at less than X kg per ha, approximately equating the previous year's figure. Overall, 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.

The banana and plantain harvested area in the Netherlands totaled less than X ha in 2022, leveling off at the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Banana And Plantain Exports

Exports from the Netherlands

In 2022, shipments abroad of bananas and plantains decreased by -4.8% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 49%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, banana and plantain exports fell to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 51% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for banana and plantain exports from the Netherlands, with a 51% share of total exports. Moreover, banana and plantain exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+24.1% per year) and Poland (+21.9% per year).

In value terms, Germany ($X) remains the key foreign market for bananas and plantains exports from the Netherlands, comprising 52% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Poland, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+21.7% per year) and Poland (+19.9% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, reducing by -8.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Spain (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into the Netherlands

In 2022, after eight years of growth, there was significant decline in purchases abroad of bananas and plantains, when their volume decreased by -34.4% to X tons. Over the period under review, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of 44% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell markedly in the following year.

In value terms, banana and plantain imports dropped markedly to $X in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 58%. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Ecuador (X tons), Costa Rica (X tons) and Belgium (X tons) were the main suppliers of banana and plantain imports to the Netherlands, with a combined 59% share of total imports. Panama, Colombia, Germany, the Dominican Republic and Peru lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +53.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Belgium ($X) and Costa Rica ($X) were the largest banana and plantain suppliers to the Netherlands, with a combined 57% share of total imports. Germany, the Dominican Republic, Colombia, Panama and Peru lagged somewhat behind, together comprising a further 36%.

Panama, with a CAGR of +51.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 the Dominican Republic ($X per ton), while the price for Costa Rica ($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 Dominican Republic (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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