Report Update: Apr 1, 2024

Luxembourg - Bananas - Market Analysis, Forecast, Size, Trends And Insights

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Banana Price in Luxembourg - 2023

Banana Price in Luxembourg (CIF) - 2023

In September 2023, the average banana import price amounted to $1,657 per ton, with an increase of 2.1% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 7.7% against the previous month. The import price peaked at $1,686 per ton in May 2023; afterwards, it flattened through to September 2023.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($2,208 per ton), while the price for France ($1,536 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 Germany (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Banana Price in Luxembourg (FOB) - 2022

The average banana export price stood at $1,461 per ton in 2022, reducing by -7.5% against the previous year. In general, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 6.1% against the previous year. The export price peaked at $1,975 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($2,684 per ton), while the average price for exports to France ($1,312 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 Belgium (+1.2%), while the prices for the other major destinations experienced a decline.

Banana Imports in Luxembourg

In 2022, supplies from abroad of bananas decreased by -0.7% to 6.6K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 7%. As a result, imports attained the peak of 6.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, banana imports fell slightly to $8.7M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.6% against the previous year. As a result, imports reached the peak of $9.1M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Banana in Luxembourg (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	3.3	8.6	8.5	8.2	35.4%
France	0.1	0.3	0.2	0.2	26.0%
Germany	0.1	0.2	0.2	0.2	26.0%
Peru	1.6	N/A	N/A	N/A	0%
Costa Rica	1.6	N/A	N/A	N/A	0%
Others	1.8	N/A	N/A	N/A	0%
Total	8.6	9.1	9.0	8.7	0.4%

Top Suppliers of Banana to Luxembourg in 2022:

Belgium (6.4K tons)
France (0.1K tons)
Germany (0.1K tons)

Banana Exports in Luxembourg

In 2022, the amount of bananas exported from Luxembourg reached 317 tons, remaining constant against the previous year's figure. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. As a result, the exports reached the peak of 383 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, banana exports declined to $464K in 2022. The total export value increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, the exports attained the peak of $570K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Banana in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	207	273	297	303	13.5%
Germany	188	219	125	87.4	-22.5%
Belgium	50.7	76.7	78.4	72.4	12.6%
Others	3.6	0.8	0.8	0.7	-42.1%
Total	450	570	501	464	1.0%

Top Export Markets for Banana from Luxembourg in 2022:

France (231.0 tons)
Germany (59.3 tons)
Belgium (27.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the banana market in Luxembourg. 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:

Luxembourg

Data coverage:

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