Norway: Banana And Plantain Market 2025

Banana And Plantain Market Size in Norway

After four years of decline, the Norwegian banana and plantain market increased by 11% to $X in 2022. Over the period under review, consumption, however, showed a slight reduction. Banana and plantain consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Banana And Plantain Exports

Exports from Norway

In 2022, after two years of decline, there was significant growth in shipments abroad of bananas and plantains, when their volume increased by 6.2% to X tons. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 20,872%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana and plantain exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 19,026%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for banana and plantain exports from Norway, with a 100% share of total exports. It was followed by the Netherlands (X kg), with less than 0.1% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at +49.1%.

In value terms, the Czech Republic ($X) remains the key foreign market for bananas and plantains exports from Norway, comprising 100% of total exports. The second position in the ranking was taken by the Netherlands ($X), with less than 0.1% share of total exports.

From 2013 to 2022, the average annual growth rate of value to the Czech Republic amounted to +41.1%.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, with an increase of 33% against the previous year. Overall, the export price continues to indicate a notable increase. The pace of growth was the most pronounced in 2018 an increase of 83%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.5%).

Banana And Plantain Imports

Imports into Norway

After four years of decline, purchases abroad of bananas and plantains increased by 0.4% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 5.7% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports expanded remarkably to $X in 2022. Over the period under review, imports, however, showed a noticeable setback. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Costa Rica (X tons), Ecuador (X tons) and Colombia (X tons) were the main suppliers of banana and plantain imports to Norway, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Costa Rica (with a CAGR of +5.2%), while imports for the other leaders experienced a decline.

In value terms, the largest banana and plantain suppliers to Norway were Costa Rica ($X), Ecuador ($X) and Colombia ($X), with a combined 95% share of total imports.

In terms of the main suppliers, Costa Rica, with a CAGR of +1.6%, 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 a decline.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 the Dominican Republic ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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