Report Update Jan 1, 2025

Norway - Bananas - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Banana Market 2025

Banana Market Size in Norway

In 2022, after four years of decline, there was significant growth in the Norwegian banana market, when its value increased by 11% to $X. Overall, consumption, however, saw a slight curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Banana Exports

Exports from Norway

In 2022, banana exports from Norway reduced to X kg, shrinking by -9.2% against 2021 figures. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 241%. As a result, the exports reached the peak of X kg. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, banana exports declined to $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 584% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for banana exports from Norway, with a 74% share of total exports. Moreover, banana exports to the Netherlands exceeded the volume sent to the second major destination, Switzerland (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-7.6% per year) and Latvia (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for bananas exports from Norway, comprising 68% of total exports. The second position in the ranking was held by Switzerland ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-58.6% per year) and Latvia (0.0% per year).

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, increasing by 3.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 101% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (-1.8%).

Banana Imports

Imports into Norway

In 2022, supplies from abroad of bananas was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 5.8%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, banana imports expanded markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible setback. Over the period under review, imports attained the maximum 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 imports to Norway, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +1.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Costa Rica ($X), Ecuador ($X) and Colombia ($X) were the largest banana suppliers to Norway, with a combined 96% share of total imports.

Costa Rica, with a CAGR of +0.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, growing by 12% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Colombia (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas in the world?

India constituted the country with the largest volume of banana consumption, comprising approx. 25% of total volume. Moreover, banana consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. Indonesia ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of bananas in the world?

India remains the largest banana producing country worldwide, accounting for 26% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China, threefold. Indonesia ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of bananas to Norway?

In value terms, the largest banana suppliers to Norway were Costa Rica, Ecuador and Colombia, together accounting for 92% of total imports. These countries were followed by the Dominican Republic, which accounted for a further 5.6%.

What are the leading importers of bananas from Norway?

In value terms, the Netherlands remains the key foreign market for banana exports from Norway.

What is the average export price for bananas in Norway?

The average banana export price stood at $1,037 per ton in 2021, remaining constant against the previous year.

What is the average import price for bananas in Norway?

The average banana import price stood at $483 per ton in 2021, which is down by -14.9% against the previous year.

This report provides an in-depth analysis of the banana market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 486 - Bananas

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024