Portugal: Banana Market 2025

Banana Market Size in Portugal

The Portuguese banana market totaled $X in 2022, approximately mirroring 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 in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Banana Production in Portugal

In value terms, banana production stood at $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of bananas in Portugal totaled X tons per ha, increasing by 2.6% compared with the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 12%. The banana yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas production in Portugal totaled X ha, therefore, remained relatively stable against 2021. Overall, the harvested area showed a slight expansion. The pace of growth was the most pronounced 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 Exports

Exports from Portugal

In 2022, the amount of bananas exported from Portugal skyrocketed to X tons, with an increase of 26% against the previous year's figure. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 320%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, banana exports surged to $X in 2022. Overall, exports recorded a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 288% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for banana exports from Portugal, with 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 totaled +14.6%.

In value terms, Spain ($X) remains the key foreign market for bananas exports from Portugal, comprising 99% of total exports. The second position in the ranking was held by Italy ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +13.9%.

Export Prices by Country

The average banana export price stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 stood at $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 Imports

Imports into Portugal

In 2022, imports of bananas into Portugal amounted to X tons, almost unchanged from the year before. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 -7.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, banana imports rose remarkably to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

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

In terms of 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

In 2022, the average banana import price amounted to $X per ton, growing by 4.5% against the previous year. Over the period under review, 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 countries with the highest prices were 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 (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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