Sweden: Banana And Plantain Market 2025

Banana And Plantain Market Size in Sweden

The Swedish banana and plantain market expanded modestly to $X in 2022, rising by 4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Banana and plantain consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Sweden

In 2022, shipments abroad of bananas and plantains increased by 14% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of 67%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 when exports increased by 56% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for banana and plantain exports from Sweden, accounting for a 81% share of total exports. Moreover, banana and plantain exports to Denmark exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold. The third position in this ranking was held by the Czech Republic (X tons), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark amounted to +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.2% per year) and the Czech Republic (-3.7% per year).

In value terms, Denmark ($X) remains the key foreign market for bananas and plantains exports from Sweden, comprising 80% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.9% share of total exports. It was followed by Germany, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark totaled +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1.1% per year) and Germany (-8.0% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, growing by 1.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Czech Republic ($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 (+0.9%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Sweden

In 2022, purchases abroad of bananas and plantains increased by 1.7% to X tons, rising for the second year in a row after three years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 9.8%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports rose rapidly to $X in 2022. Overall, imports, however, recorded a slight descent. The growth pace was the most rapid in 2014 with an increase of 11% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest banana and plantain supplier to Sweden, with a 44% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fourfold. The Dominican Republic (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Ecuador totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-3.6% per year) and the Dominican Republic (+16.3% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Sweden, comprising 43% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a 13% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+14.8% per year) and Colombia (-5.1% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, picking up by 4.5% against the previous year. In general, the import price, however, showed a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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