Finland: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Finland

The Finnish banana and plantain market reduced rapidly to $X in 2019, with a decrease of -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). Overall, consumption, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Banana And Plantain Exports

Exports from Finland

In 2019, the amount of bananas and plantains exported from Finland skyrocketed to X tonnes, picking up by X% on 2018 figures. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, banana and plantain exports skyrocketed to $X in 2019. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Exports peaked in 2019 and are likely to continue growth in years to come.

Exports by Country

Estonia (X tonnes) was the main destination for banana and plantain exports from Finland, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Estonia stood at +X%.

In value terms, Estonia ($X) also remains the key foreign market for banana and plantain exports from Finland.

From 2007 to 2019, the average annual growth rate of value to Estonia amounted to +X%.

Export Prices by Country

In 2019, the average banana and plantain export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2007 to 2019, the rate of growth in terms of prices for Estonia amounted to -X% per year.

Banana And Plantain Imports

Imports into Finland

In 2019, approx. X tonnes of bananas and plantains were imported into Finland; declining by -X% on the previous year. Overall, total imports indicated a slight increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, banana and plantain imports dropped significantly to $X in 2019. Over the period under review, imports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Costa Rica (X tonnes), Panama (X tonnes) and Ecuador (X tonnes) were the main suppliers of banana and plantain imports to Finland, together accounting for X% of total imports. Peru and Colombia lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Costa Rica ($X) and Ecuador ($X) were the largest banana and plantain suppliers to Finland, together comprising X% of total imports. Peru and Colombia lagged somewhat behind, together comprising a further X terms of the main suppliers, Peru (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per tonne), while the price for Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia, 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 and plantains in the world?

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India (30M tonnes) constituted the country with the largest volume of banana and plantain consumption, accounting for 19% of total volume. Moreover, banana and plantain 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 4.7% share.

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

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The country with the largest volume of banana and plantain production was India (30M tonnes), comprising approx. 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 third position in this ranking was occupied by the Philippines (9.2M tonnes), with a 5.8% share.

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

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In value terms, the largest banana and plantain suppliers to Finland were Panama ($20M), Costa Rica ($19M) and Ecuador ($8.2M), together comprising 87% of total imports. These countries were followed by Peru and Colombia, which together accounted for a further 12%.

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

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In value terms, Estonia ($1.5M) remains the key foreign market for banana and plantain exports from Finland.

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

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In 2019, the average banana and plantain export price amounted to $823 per tonne, waning by -10.3% against the previous year.

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

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In 2019, the average banana and plantain import price amounted to $638 per tonne, dropping by -28.1% against the previous year.