Belgium: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Belgium

After two years of decline, the Belgian banana and plantain market increased by X% to $X in 2020. Over the period under review, consumption posted a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Banana And Plantain Production in Belgium

In value terms, banana and plantain production skyrocketed to $X in 2020 estimated in export prices. Overall, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the near future.

The average yield of bananas and plantains in Belgium amounted to X kg per ha in 2020, remaining relatively unchanged against 2019 figures. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the banana and plantain harvested area in Belgium stood at X ha, remaining relatively unchanged against 2019. In general, the harvested area showed a relatively flat trend pattern.

Banana And Plantain Exports

Exports from Belgium

In 2020, shipments abroad of bananas and plantains decreased by -X% to X tonnes for the first time since 2014, thus ending a five-year rising trend. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2019, and then reduced dramatically in the following year.

In value terms, banana and plantain exports fell significantly to $X in 2020. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2009 to 2020, 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. Spain, Hungary, the Czech Republic and Poland lagged somewhat behind, together accounting for a further X 2007 to 2020, 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 a decline.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest markets for banana and plantain exported from Belgium worldwide, with a combined X% share of total exports. These countries were followed by Spain, Poland, the Czech Republic and Hungary, which together accounted for a further X saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Belgium

For the seventh year in a row, Belgium recorded decline in purchases abroad of bananas and plantains, which decreased by -X% to X tonnes in 2020. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, banana and plantain imports fell remarkably to $X in 2020. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Colombia (X tonnes), the Netherlands (X tonnes) and Ecuador (X tonnes) were the main suppliers of banana and plantain imports to Belgium, together accounting for X% of total imports. Costa Rica, Germany, Peru and Cote d'Ivoire lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany, while imports for the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X) constituted the largest supplier of banana and plantain to Belgium, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Colombia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Ecuador (-X% per year).

Import Prices by Country

In 2020, 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 showed a slight contraction. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2009 to 2020, 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 2020, the countries with the highest prices were Cote d'Ivoire ($X per tonne) and Peru ($X per tonne), while the price for the Netherlands ($X per tonne) and Ecuador ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?

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India (31M tonnes) remains the largest banana and plantain consuming country worldwide, accounting for 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (14M tonnes), twofold. The third position in this ranking was occupied by Indonesia (7.4M tonnes), with a 4.5% share.

What are the largest producers of bananas and plantains in the world?

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India (31M tonnes) remains the largest banana and plantain producing country worldwide, accounting for 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The Philippines (9M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of bananas and plantains to Belgium?

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In value terms, Colombia ($146M) constituted the largest supplier of banana and plantain to Belgium, comprising 35% of total imports. The second position in the ranking was occupied by the Netherlands ($70M), with a 17% share of total imports. It was followed by Ecuador, with a 16% share.

What are the leading importers of bananas and plantains from Belgium?

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In value terms, the largest markets for banana and plantain exported from Belgium were Germany ($60M), France ($32M) and the Netherlands ($27M), with a combined 65% share of total exports. Spain, Poland, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 23%.

What is the average export price for bananas and plantains in Belgium?

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The average banana and plantain export price stood at $863 per tonne in 2020, reducing by -8.8% against the previous year.

What is the average import price for bananas and plantains in Belgium?

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In 2020, the average banana and plantain import price amounted to $945 per tonne, which is down by -4.2% against the previous year.

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