Europe: Plantain Market 2024

Plantain Market Size in Europe

In 2022, the Europe plantain market increased by X% to $X, rising for the third consecutive year after three years of decline. 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 throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Plantain Production in Europe

In value terms, plantain production fell modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Ireland (X tons), Albania (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%), while production for the other leaders experienced a decline in the production figures.

Plantain Exports

Exports in Europe

In 2022, shipments abroad of plantains decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plantain exports shrank to $X in 2022. Overall, exports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X tons) was the key exporter of plantains, making up X% of total exports. Belgium (X tons) held 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 Europe, 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. 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.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) emerged as the largest plantain supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belgium ($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%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Europe

In 2022, after three years of growth, there was decline in overseas purchases of plantains, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, plantain imports reached $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 remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the ten major importers of plantains, namely Romania, Belgium, Italy, Spain, Hungary, the UK, the Netherlands, France, North Macedonia and Bulgaria, represented more than two-thirds of total import.

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, the largest plantain importing markets in Europe were Romania ($X), Belgium ($X) and Spain ($X), together accounting for X% of total imports. Italy, France, the UK, Hungary, the Netherlands, North Macedonia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Europe amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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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