EU: Plantain Market 2024

Plantain Market Size in the EU

For the third year in a row, the EU plantain market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Plantain Production in the EU

In value terms, plantain production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of production in 2022 were Ireland (X tons) and Poland (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Ireland (with a CAGR of X%).

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Plantain Exports

Exports in the EU

In 2022, after three years of growth, there was significant decline in overseas shipments of plantains, when their volume decreased by X% to X tons. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, plantain exports shrank to $X in 2022. In general, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Belgium (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (X%), Portugal (X%), Italy (X%), Greece (X%), Spain (X%) and France (X%).

From 2012 to 2022, average annual rates of growth with regard to plantain exports from the Netherlands stood at X%. At the same time, Portugal (X%) and France (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Spain and Greece experienced a relatively flat trend pattern. By contrast, Hungary (X%), Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Portugal (X p.p.), France (X p.p.), Hungary (X p.p.), Spain (X p.p.) and Greece (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) emerged as the largest plantain supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Greece ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Plantain Imports

Imports in the EU

After two years of growth, purchases abroad of plantains decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined modestly in the following year.

In value terms, plantain imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Romania (X tons), Belgium (X tons), Italy (X tons), Spain (X tons), Hungary (X tons), the Netherlands (X tons), France (X tons) and Bulgaria (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Belgium ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Italy, France, Hungary, the Netherlands and Bulgaria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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