Belgium: Banana Market 2024

Banana Market Size in Belgium

The Belgian banana market expanded to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded strong growth. Banana consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Banana Exports

Exports from Belgium

In 2022, exports of bananas from Belgium dropped to X tons, shrinking by X% compared with 2021 figures. In general, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, banana exports dropped significantly to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of banana exports from Belgium, together comprising X% of total exports. The Czech Republic, Poland, Austria and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), together comprising X% of total exports. The Czech Republic, Poland, Austria and Spain lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average banana export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Poland ($X per ton), while the average price for exports to Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced a decline.

Banana Imports

Imports into Belgium

In 2022, the amount of bananas imported into Belgium contracted to X tons, dropping by X% compared with the previous year. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, banana imports shrank remarkably to $X in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Colombia (X tons), Ecuador (X tons) and Costa Rica (X tons) were the main suppliers of banana imports to Belgium, with a combined X% share of total imports. Cameroon, the Netherlands, Cote d'Ivoire, Germany, the Dominican Republic, Peru and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest banana suppliers to Belgium were Colombia ($X), Ecuador ($X) and Cameroon ($X), with a combined X% share of total imports. Costa Rica, the Netherlands, Cote d'Ivoire, Germany, the Dominican Republic, Peru and Panama lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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