Ukraine: Banana And Plantain Market 2025

Banana And Plantain Market Size in Ukraine

After six years of growth, the Ukrainian banana and plantain market decreased by -30.8% to $X in 2022. Overall, consumption saw a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Ukraine

In 2022, after two years of growth, there was significant decline in overseas shipments of bananas and plantains, when their volume decreased by -52.6% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 901%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, banana and plantain exports fell rapidly to $X in 2022. In general, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 851% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Moldova (X tons) was the main destination for banana and plantain exports from Ukraine, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Moldova was relatively modest.

In value terms, Moldova ($X) also remains the key foreign market for bananas and plantains exports from Ukraine.

From 2012 to 2022, the average annual rate of growth in terms of value to Moldova totaled -4.9%.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, rising by 12% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Moldova.

From 2012 to 2022, the rate of growth in terms of prices for Moldova amounted to -4.1% per year.

Banana And Plantain Imports

Imports into Ukraine

In 2022, after six years of growth, there was significant decline in supplies from abroad of bananas and plantains, when their volume decreased by -40.5% to X tons. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when imports increased by 32%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, banana and plantain imports shrank significantly to $X in 2022. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of banana and plantain to Ukraine, accounting for a 57% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. Costa Rica (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+18.8% per year) and Costa Rica (+2.4% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Ukraine, comprising 57% of total imports. The second position in the ranking was taken by Colombia ($X), with a 20% share of total imports. It was followed by Costa Rica, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador totaled -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+18.8% per year) and Costa Rica (-1.5% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, surging by 31% against the previous year. Overall, the import price, however, showed a pronounced slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Guatemala ($X per ton) and Panama ($X per ton), while the price for Colombia ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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