Ireland - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Ireland - 2023
Contents:
- Banana Price in Ireland (CIF) - 2023
- Banana Price in Ireland (FOB) - 2023
- Banana Imports in Ireland
- Banana Exports in Ireland
Banana Price in Ireland (CIF) - 2023
In October 2023, the average banana import price amounted to $834 per ton, shrinking by -5.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in June 2023 an increase of 11% against the previous month. Over the period under review, average import prices reached the peak figure at $883 per ton in September 2023, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($1,412 per ton), while the price for Costa Rica ($674 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Honduras (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Banana Price in Ireland (FOB) - 2023
In October 2023, the average banana export price amounted to $1,149 per ton, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 4.9% against the previous month. Over the period under review, the average export prices hit record highs at $1,157 per ton in September 2023, and then reduced in the following month.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for the UK amounted to +1.3% per month.
Banana Imports in Ireland
In 2022, imports of bananas into Ireland dropped modestly to 92K tons, standing approx. at the previous year's figure. Over the period under review, imports showed a mild curtailment. The smallest decline of -0.2% was in 2021.
In value terms, banana imports declined to $60M in 2022. In general, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 8.9% against the previous year.
| Import of Banana in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 20.7 | 23.3 | 24.0 | 26.4 | 8.4% |
| Belize | 21.0 | 20.9 | 20.8 | 14.1 | -12.4% |
| Dominican Republic | 13.7 | 4.6 | 10.3 | 9.7 | -10.9% |
| Belgium | N/A | 4.4 | 4.4 | 2.8 | -20.2% |
| Nicaragua | N/A | N/A | N/A | 1.6 | 0% |
| Ecuador | 0.5 | N/A | 0.4 | 0.9 | 21.6% |
| Others | 7.4 | 4.2 | 2.7 | 4.6 | -14.7% |
| Total | 63.2 | 57.4 | 62.5 | 60.1 | -1.7% |
Top Suppliers of Banana to Ireland in 2022:
- Costa Rica (45.4K tons)
- Belize (25.5K tons)
- Dominican Republic (9.9K tons)
- Nicaragua (2.8K tons)
- Belgium (2.3K tons)
- Ecuador (1.6K tons)
Banana Exports in Ireland
For the fourth consecutive year, Ireland recorded growth in overseas shipments of bananas, which increased by 28% to 5.2K tons in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, banana exports surged to $5.2M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Banana in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.9 | 3.9 | 4.0 | 4.6 | 16.6% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | 0.5 | 0% |
| Total | 2.9 | 3.9 | 4.0 | 5.2 | 21.5% |
Top Export Markets for Banana from Ireland in 2022:
- United Kingdom (4.6K tons)
- Portugal (0.1K tons)
This report provides an in-depth analysis of the banana 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
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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