Belgium - Bananas - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBanana Price in Belgium - 2023
Contents:
- Banana Price in Belgium (FOB) - 2023
- Banana Price in Belgium (CIF) - 2023
- Banana Exports in Belgium
- Banana Imports in Belgium
Banana Price in Belgium (FOB) - 2023
The average banana export price stood at $1,460 per ton in October 2023, growing by 50% against the previous month. Over the period under review, export price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, banana export price increased by +103.7% against August 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was Niger ($1,950 per ton), while the average price for exports to Switzerland totaled $1,382 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Banana Price in Belgium (CIF) - 2023
The average banana import price stood at $648 per ton in October 2023, reducing by -2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 6.5% m-o-m. Over the period under review, average import prices reached the peak figure at $684 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were Peru ($705 per ton) and Ecuador ($676 per ton), while the price for Guatemala ($616 per ton) and Costa Rica ($626 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Banana Exports in Belgium
In 2022, shipments abroad of bananas decreased by -13.1% to 834K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 2.5%. As a result, the exports attained the peak of 1.1M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, banana exports fell notably to $657M in 2022. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 1.8%. As a result, the exports reached the peak of $875M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Banana in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 109 | 241 | 207 | 157 | 12.9% |
| France | 289 | 184 | 130 | 143 | -20.9% |
| Netherlands | 146 | 169 | 167 | 134 | -2.8% |
| Czech Republic | 61.1 | 86.2 | 70.6 | 56.4 | -2.6% |
| Poland | 19.3 | 29.3 | 52.5 | 45.1 | 32.7% |
| Austria | 3.9 | 48.4 | 51.3 | 39.1 | 115.6% |
| Spain | 20.0 | 37.2 | 42.9 | 19.6 | -0.7% |
| Romania | 34.6 | 26.9 | 23.1 | 17.7 | -20.0% |
| Hungary | 72.6 | 16.8 | 19.8 | 14.5 | -41.5% |
| Luxembourg | 80.8 | 8.5 | 8.1 | 8.4 | -53.0% |
| Others | 23.7 | 27.6 | 21.4 | 22.7 | -1.4% |
| Total | 860 | 875 | 793 | 657 | -8.6% |
Top Export Markets for Banana from Belgium in 2022:
- Germany (232.8K tons)
- France (186.2K tons)
- Netherlands (133.3K tons)
- Czech Republic (80.6K tons)
- Poland (48.6K tons)
- Austria (42.3K tons)
- Spain (27.3K tons)
- Romania (24.8K tons)
- Hungary (20.7K tons)
- Luxembourg (8.7K tons)
Banana Imports in Belgium
In 2022, purchases abroad of bananas decreased by -7.5% to 999K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 2.6%. As a result, imports attained the peak of 1.2M tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, banana imports contracted notably to $576M in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 7.1% against the previous year. As a result, imports reached the peak of $1.1B. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Banana in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 240 | 320 | 283 | 143 | -15.9% |
| Ecuador | 121 | 189 | 168 | 96.2 | -7.4% |
| Cameroon | 1.4 | 155 | 147 | 84.5 | 292.3% |
| Costa Rica | 49.3 | 156 | 107 | 80.4 | 17.7% |
| Netherlands | 386 | 57.3 | 68.2 | 58.8 | -46.6% |
| Cote d'Ivoire | 29.3 | 87.2 | 61.1 | 26.0 | -3.9% |
| Germany | 115 | 21.2 | 22.1 | 20.9 | -43.4% |
| Dominican Republic | 40.7 | 52.9 | 32.4 | 17.4 | -24.7% |
| Peru | 40.9 | 39.6 | 32.4 | 10.4 | -36.6% |
| Others | 34.7 | 55.5 | 57.7 | 38.4 | 3.4% |
| Total | 1,058 | 1,133 | 979 | 576 | -18.3% |
Top Suppliers of Banana to Belgium in 2022:
- Colombia (283.2K tons)
- Ecuador (164.7K tons)
- Costa Rica (153.3K tons)
- Cameroon (144.3K tons)
- Netherlands (90.8K tons)
- Cote d'Ivoire (44.9K tons)
- Germany (24.3K tons)
- Dominican Republic (23.0K tons)
- Peru (18.3K tons)
This report provides an in-depth analysis of the banana market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
732
This report provides an in-depth analysis of the banana market in Belgium.
1105
This report provides an in-depth analysis of the banana and plantain market in Belgium.
734
This report provides an in-depth analysis of the plantain market in Belgium.
2647
This report provides an in-depth analysis of the global banana market.
7621
This report provides an in-depth analysis of the global banana and plantain market.
5817
This report provides an in-depth analysis of the global plantain market.
732
This report provides an in-depth analysis of the banana market in Belgium.
1105
This report provides an in-depth analysis of the banana and plantain market in Belgium.
734
This report provides an in-depth analysis of the plantain market in Belgium.
2647
This report provides an in-depth analysis of the global banana market.
270
Explore the top 10 countries with the highest import value of bananas. Discover key statistics and market insights from IndexBox market intelligence platform.
1310
The demand for bananas remained robust amidst the pandemic. Despite record exports from Ecuador, which remains the world's largest banana supplier, prices in the largest import markets are rising due to strong demand and local COVID-related imbalances in supply chains. Driven by growing population, the global banana market could reach 143M tons by 2030. The increasing epidemic of the TR4 fungus could reduce the growth potential of the global market and accelerate the rise in prices.
1272
The global banana market revenue amounted to $58.5B in 2017, therefore, remained relatively stable against the...
834
The global banana market revenue amounted to $X in 2017, flattening at the previous year. Overall, the total market indi...
2348
The global banana consumption stood at $X in 2016, which was X% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be incl
12854
Global banana consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
5188
Global banana exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
5284
Global banana imports amounted to X thousand tons in 2015, approximately equating the previous year level.
3112
Global banana production amounted to X thousand tons in 2015, rising by +X% against the previous year level.
3243
Global banana market had total revenues of X million USD in 2015, seesawing over the last three years, after a steady growth from 2007 to 2012.
