Belgium: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Belgium

The Belgian banana and plantain market soared to $X in 2019, rising 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 saw a resilient increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Banana And Plantain Exports

Exports from Belgium

In 2019, exports of bananas and plantains from Belgium dropped rapidly to X tonnes, reducing by -X% on the previous year's figure. Over the period under review, exports showed a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, banana and plantain exports dropped markedly to $X in 2019. Overall, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a lower figure.

Exports by Country

Germany (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of banana and plantain exports from Belgium, with a combined X% share of total exports. The Czech Republic, Austria, Poland and Spain lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total exports. The Czech Republic, Austria, Poland and Spain lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Spain saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2019, the average banana and plantain export price amounted to $X per tonne, standing approx. at the previous year. In general, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2019, the countries with the highest prices were Austria ($X per tonne) and France ($X per tonne), while the average price for exports to Poland ($X per tonne) and the Czech Republic ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Belgium

In 2019, purchases abroad of bananas and plantains decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2009 to 2019, the growth imports failed to regain the momentum.

In value terms, banana and plantain imports declined sharply to $X in 2019. In general, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Colombia (X tonnes) constituted the largest supplier of banana and plantain to Belgium, with a X% share of total imports. Moreover, banana and plantain imports from Colombia exceeded the figures recorded by the second-largest supplier, Ecuador (X tonnes), twofold. The third position in this ranking was occupied by Costa Rica (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Colombia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-X% per year) and Costa Rica (-X% per year).

In value terms, the largest banana and plantain suppliers to Belgium were Colombia ($X), Ecuador ($X) and Cameroon ($X), together accounting for X% of total imports. These countries were followed by Costa Rica, the Netherlands, Cote d'Ivoire and the Dominican Republic, which together accounted for a further X the main suppliers, the Netherlands recorded the highest growth rate of 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

In 2019, the average banana and plantain import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Cameroon ($X per tonne) and Cote d'Ivoire ($X per tonne), while the price for Colombia ($X per tonne) and Costa Rica ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Cameroon, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas in the world?

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India (30M tonnes) constituted the country with the largest volume of banana consumption, accounting for 26% of total volume. Moreover, banana consumption in India exceeded the figures recorded by the second-largest consumer, China (13M tonnes), twofold. Indonesia (7.3M tonnes) ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of bananas in the world?

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India (30M tonnes) constituted the country with the largest volume of banana production, accounting for 26% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The third position in this ranking was occupied by Indonesia (7.3M tonnes), with a 6.2% share.

What are the leading suppliers of bananas to Belgium?

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In value terms, Colombia ($200M) constituted the largest supplier of banana to Belgium, comprising 39% of total imports. The second position in the ranking was occupied by Ecuador ($87M), with a 17% share of total imports. It was followed by Costa Rica, with a 16% share.

What are the leading importers of bananas from Belgium?

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In value terms, the largest markets for banana exported from Belgium were Germany ($203M), France ($165M) and the Netherlands ($141M), together accounting for 67% of total exports. These countries were followed by the Czech Republic, Austria, Poland and Spain, which together accounted for a further 23%.

What is the average export price for bananas in Belgium?

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The average banana export price stood at $819 per tonne in 2019, approximately reflecting the previous year.

What is the average import price for bananas in Belgium?

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The average banana import price stood at $490 per tonne in 2019, declining by -7.8% against the previous year.