United Kingdom: Banana And Plantain Market 2025

Banana And Plantain Market Size in the UK

In 2022, the UK banana and plantain market decreased by -7.4% to $X, falling for the eighth year in a row after three years of growth. In general, consumption showed a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from the UK

In 2022, overseas shipments of bananas and plantains were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 152%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 160% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for banana and plantain exports from the UK, accounting for a 27% share of total exports. Moreover, banana and plantain exports to Ireland exceeded the volume sent to the second major destination, Italy (X tons), threefold. France (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland stood at -23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.5% per year) and France (-28.8% per year).

In value terms, Ireland ($X) remains the key foreign market for bananas and plantains exports from the UK, comprising 40% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at -21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.4% per year) and France (-26.9% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, shrinking by -31.8% against the previous year. Overall, the export price recorded a mild slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 25%. As a result, the export price attained the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into the UK

In 2022, overseas purchases of bananas and plantains decreased by -6.7% to X tons, falling for the sixth year in a row after five years of growth. Over the period under review, imports recorded a slight setback. The pace of growth appeared the most rapid in 2013 with an increase of 6.8%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports fell to $X in 2022. Overall, imports showed a noticeable contraction. The growth pace was the most rapid in 2013 when imports increased by 4.1%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Colombia (X tons), Costa Rica (X tons) and Ecuador (X tons) were the main suppliers of banana and plantain imports to the UK, with a combined 63% share of total imports. The Dominican Republic, Belize, Cameroon, Cote d'Ivoire, Panama, Ghana, Ireland and the Netherlands lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +8.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Costa Rica ($X) and the Dominican Republic ($X) were the largest banana and plantain suppliers to the UK, together comprising 61% of total imports. Belize, Cameroon, Ecuador, Cote d'Ivoire, Panama, Ghana, Ireland and the Netherlands lagged somewhat behind, together comprising a further 33%.

Ghana, with a CAGR of +6.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 and plantain import price amounted to $X per ton, stabilizing at the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 5.1% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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