Report Update Nov 1, 2024

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

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Ukraine: Banana Market 2024

Banana Market Size in Ukraine

In 2022, the Ukrainian banana market decreased by -21.8% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption saw a perceptible curtailment. Banana consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Banana Exports

Exports from Ukraine

In 2022, after two years of growth, there was significant decline in overseas shipments of bananas, when their volume decreased by -52.6% to X tons. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 916% against the previous year. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, banana exports shrank notably to $X in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 872% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Moldova (X tons) was the main destination for banana exports from Ukraine, with a 99% share of total exports. It was followed by Panama (X kg), with a 0.1% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Moldova stood at +410.1%.

In value terms, Moldova ($X) remains the key foreign market for bananas exports from Ukraine, comprising 97% of total exports. The second position in the ranking was taken by Panama ($X), with a 0.3% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Moldova stood at +395.5%.

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 75%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Moldova stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+2.7%).

Banana Imports

Imports into Ukraine

In 2022, after six years of growth, there was significant decline in purchases abroad of bananas, when their volume decreased by -40.5% to X tons. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of 32%. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, banana imports declined significantly to $X in 2022. Over the period under review, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of banana to Ukraine, accounting for a 57% share of total imports. Moreover, banana 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 2014 to 2022, the average annual growth rate of volume from Ecuador totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+71.4% per year) and Costa Rica (+8.5% per year).

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

From 2014 to 2022, the average annual rate of growth in terms of value from Ecuador amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+67.5% per year) and Costa Rica (+6.2% per year).

Import Prices by Country

In 2022, the average banana import price amounted to $X per ton, rising by 31% against the previous year. Overall, the import price, however, showed a noticeable decrease. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 2014 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+0.4%), 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?

The country with the largest volume of banana consumption was India, accounting for 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?

The country with the largest volume of banana production was India, 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 Ukraine?

In value terms, Ecuador constituted the largest supplier of banana to Ukraine, comprising 63% of total imports. The second position in the ranking was occupied by Colombia, with a 17% share of total imports. It was followed by Costa Rica, with a 15% share.

What are the leading importers of bananas from Ukraine?

In value terms, Georgia, Austria and Germany were the largest markets for banana exported from Ukraine worldwide, with a combined 41% share of total exports. These countries were followed by Turkey, Marshall Islands, France, Greece, Panama, Hong Kong SAR, Singapore, the UK, Cyprus and Liberia, which together accounted for a further 37%.

What is the average export price for bananas in Ukraine?

The average banana export price stood at $973 per ton in 2021, rising by 16% against the previous year.

What is the average import price for bananas in Ukraine?

In 2021, the average banana import price amounted to $448 per ton, reducing by -17.9% against the previous year.

This report provides an in-depth analysis of the banana market in Ukraine. 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:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023