Ireland - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana and Plantain Price in Ireland - 2023
Contents:
- Banana and Plantain Price in Ireland (CIF) - 2023
- Banana and Plantain Price in Ireland (FOB) - 2023
- Banana and Plantain Imports in Ireland
- Banana and Plantain Exports in Ireland
Banana and Plantain Price in Ireland (CIF) - 2023
The average banana and plantain import price stood at $837 per ton in August 2023, waning by -4% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in June 2023 when the average import price increased by 10% m-o-m. Over the period under review, average import prices hit record highs at $872 per ton in July 2023, and then declined modestly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($1,307 per ton), while the price for Costa Rica ($717 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Banana and Plantain Price in Ireland (FOB) - 2023
The average banana and plantain export price stood at $1,126 per ton in August 2023, picking up by 3.6% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in January 2023 an increase of 12% month-to-month. Over the period under review, the average export prices reached the peak figure in August 2023.
As there is only one major export destination, the average price level is determined by prices for the UK.
From August 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to +2.6% per month.
Banana and Plantain Imports in Ireland
In 2022, overseas purchases of bananas and plantains decreased by -1.5% to 92K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a mild contraction. The growth pace was the most rapid in 2020 with an increase of 4.6% against the previous year. As a result, imports reached the peak of 100K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, banana and plantain imports dropped to $60M in 2022. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 0.2% against the previous year. As a result, imports attained the peak of $64M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Banana and Plantain in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 20.7 | 23.3 | 24.0 | 26.5 | 8.6% |
| Belize | 21.0 | 20.9 | 20.8 | 14.2 | -12.2% |
| Dominican Republic | 13.7 | 4.6 | 10.3 | 9.7 | -10.9% |
| Belgium | N/A | 4.4 | 4.4 | 3.1 | -16.1% |
| Nicaragua | N/A | N/A | N/A | 1.6 | 0% |
| Ecuador | 0.5 | N/A | 0.4 | 1.0 | 26.0% |
| Colombia | 3.3 | 0.1 | 0.9 | 0.9 | -35.2% |
| Others | 4.9 | 10.8 | 2.8 | 3.2 | -13.2% |
| Total | 64.0 | 64.1 | 63.5 | 60.3 | -2.0% |
Top Suppliers of Banana and Plantain to Ireland in 2022:
- Costa Rica (45.6K tons)
- Belize (25.6K tons)
- Dominican Republic (9.9K tons)
- Belgium (2.8K tons)
- Nicaragua (2.8K tons)
- Ecuador (1.7K tons)
- Colombia (0.9K tons)
Banana and Plantain Exports in Ireland
In 2022, shipments abroad of bananas and plantains decreased by -14.6% to 8.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 11%. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, banana and plantain exports reduced dramatically to $8.2M in 2022. In general, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 6.7% against the previous year. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Banana and Plantain in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 11.5 | 12.2 | 10.1 | 8.2 | -10.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.5 | 12.3 | 10.1 | 8.2 | -10.7% |
Top Export Markets for Banana and Plantain from Ireland in 2022:
- United Kingdom (8.2K tons)
This report provides an in-depth analysis of the banana and plantain market in Ireland. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the banana and plantain market in Ireland.
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This report provides an in-depth analysis of the banana and plantain market in Ireland.
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This report provides an in-depth analysis of the plantain market in Ireland.
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This report provides an in-depth analysis of the banana market in Ireland.
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