United Arab Emirates: Banana Market 2024

Banana Market Size in the United Arab Emirates

The banana market in the United Arab Emirates shrank modestly to $X in 2022, which is down by -3.6% against the previous year. Overall, consumption, however, enjoyed a significant expansion. Banana consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Banana Production in the United Arab Emirates

In value terms, banana production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 143% against the previous year. Banana production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average banana yield in the United Arab Emirates rose sharply to X tons per ha, surging by 13% on the year before. In general, the yield posted strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 99%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average banana 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, approx. X ha of bananas were harvested in the United Arab Emirates; approximately reflecting 2021 figures. In general, the harvested area continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 33% against the previous year. Over the period under review, the harvested area dedicated to banana production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Banana Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of bananas were finally on the rise to reach X tons after three years of decline. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2017 when exports increased by 481%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, banana exports shrank to $X in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 88%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X tons) was the main destination for banana exports from the United Arab Emirates, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia totaled +154.9%.

In value terms, Georgia ($X) emerged as the key foreign market for bananas exports from the United Arab Emirates.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia totaled +148.1%.

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, which is down by -11% against the previous year. Over the period under review, the export price, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2015 an increase of 139%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +5.9% per year.

Banana Imports

Imports into the United Arab Emirates

In 2022, imports of bananas into the United Arab Emirates declined to X tons, which is down by -4.2% against the previous year's figure. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 553%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, banana imports fell to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 631%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of banana to the United Arab Emirates, accounting for a 69% share of total imports. Moreover, banana imports from India exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +32.5%.

In value terms, India ($X) constituted the largest supplier of bananas to the United Arab Emirates, comprising 66% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +25.7%.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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