Report Update: Apr 1, 2024

Estonia - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights

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Banana and Plantain Price in Estonia - 2023

Banana and Plantain Price in Estonia (CIF) - 2023

The average banana and plantain import price stood at $1,014 per ton in September 2023, surging by 7.9% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 9.2% against the previous month. Over the period under review, average import prices attained the maximum at $1,190 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($1,057 per ton), while the price for the Netherlands ($806 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Banana and Plantain Price in Estonia (FOB) - 2022

The average banana and plantain export price stood at $2,278 per ton in 2022, with an increase of 96% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 143%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,695 per ton), while the average price for exports to Germany ($1,094 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 Lithuania (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Banana and Plantain Imports in Estonia

In 2022, overseas purchases of bananas and plantains decreased by -3.2% to 19K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 2.4% against the previous year. As a result, imports attained the peak of 19K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, banana and plantain imports expanded to $18M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 4%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Banana and Plantain in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	0.2	8.7	11.1	12.6	297.9%
Finland	1.4	5.4	5.3	4.4	46.5%
Netherlands	N/A	0.1	0.3	0.3	73.2%
Ecuador	6.6	N/A	N/A	0.2	-68.8%
Lithuania	N/A	2.0	0.2	0.1	-77.6%
Suriname	1.1	N/A	N/A	N/A	0%
Costa Rica	3.8	N/A	N/A	N/A	0%
Panama	1.3	N/A	N/A	N/A	0%
Others	1.8	0.1	0.2	0.1	-61.8%
Total	16.3	16.4	17.0	17.6	2.6%

Top Suppliers of Banana and Plantain to Estonia in 2022:

Latvia (12.3K tons)
Finland (5.4K tons)
Ecuador (0.4K tons)
Netherlands (0.3K tons)
Lithuania (0.1K tons)

Banana and Plantain Exports in Estonia

In 2022, shipments abroad of bananas and plantains decreased by -81.6% to 11 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 2,376%. As a result, the exports reached the peak of 335 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, banana and plantain exports reduced notably to $26K in 2022. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 836% against the previous year. As a result, the exports reached the peak of $265K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Banana and Plantain in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	N/A	N/A	N/A	12.5	0%
Finland	11.2	126	54.2	7.4	-12.9%
Norway	3.2	2.4	2.5	3.2	0.0%
Germany	N/A	N/A	0.9	2.6	188.9%
Latvia	N/A	125	9.3	N/A	-92.6%
Others	14.0	12.1	5.1	0.3	-72.2%
Total	28.3	265	72.0	26.0	-2.8%

Top Export Markets for Banana and Plantain from Estonia in 2022:

Latvia (undefined tons)
Finland (4.2 tons)
Netherlands (3.4 tons)
Germany (2.3 tons)
Norway (1.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the banana and plantain market in Estonia. 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
FCL 489 - Plantains

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
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