Portugal: Banana And Plantain Market 2025

Banana And Plantain Market Size in Portugal

The Portuguese banana and plantain market stood at $X in 2022, picking up by 1.9% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Banana And Plantain Production in Portugal

In value terms, banana and plantain production stood at $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of bananas and plantains in Portugal rose to X tons per ha, increasing by 2.6% on 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 12% against the previous year. The banana and plantain yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a 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 harvested area of bananas and plantains in Portugal amounted to X ha, standing approx. at the previous year. In general, the harvested area continues to indicate a slight expansion. The growth pace was the most rapid in 2014 when the harvested area increased by 11%. As a result, the harvested area reached the peak level of X ha; afterwards, it flattened through to 2022.

Banana And Plantain Exports

Exports from Portugal

In 2022, approx. X tons of bananas and plantains were exported from Portugal; increasing by 13% against 2021. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 394% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, banana and plantain exports surged to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 354%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for banana and plantain exports from Portugal, accounting for a 99% share of total exports. It was followed by Italy (X tons), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +15.4%.

In value terms, Spain ($X) remains the key foreign market for bananas and plantains exports from Portugal, comprising 99% of total exports. The second position in the ranking was taken by Italy ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +14.7%.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, growing by 11% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.1%).

Banana And Plantain Imports

Imports into Portugal

In 2022, approx. X tons of bananas and plantains were imported into Portugal; standing approx. at the previous year. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 -7.7% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 19%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, banana and plantain imports reached $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Costa Rica (X tons) and Colombia (X tons) were the main suppliers of banana and plantain imports to Portugal, with a combined 88% share of total imports. Angola, Ecuador and the Dominican Republic lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +215.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Costa Rica ($X) and Colombia ($X) constituted the largest banana and plantain suppliers to Portugal, with a combined 89% share of total imports. Angola, Ecuador and the Dominican Republic lagged somewhat behind, together accounting for a further 10%.

Among the main suppliers, Angola, with a CAGR of +204.6%, 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 more modest paces of growth.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, with an increase of 4.4% 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 somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Ecuador ($X per ton), while the price for Angola ($X per ton) and Costa Rica ($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 (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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