Finland: Banana And Plantain Market 2022

Banana And Plantain Market Size in Finland

For the fourth year in a row, the Finnish banana and plantain market recorded decline in sales value, which decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Banana And Plantain Exports

Exports from Finland

In 2021, after three years of decline, there was significant growth in overseas shipments of bananas and plantains, when their volume increased by X% to X tonnes. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tonnes in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, banana and plantain exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

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 2012 to 2021, the average annual growth rate of volume to Estonia amounted to +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +X%.

Export Prices by Country

In 2021, the average banana and plantain export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Estonia amounted to -X% per year.

Banana And Plantain Imports

Imports into Finland

In 2021, the amount of bananas and plantains imported into Finland reduced slightly to X tonnes, remaining stable against 2020 figures. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2016 to 2021, the growth imports failed to regain momentum.

In value terms, banana and plantain imports declined modestly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Panama (X tonnes), the Netherlands (X tonnes) and Costa Rica (X tonnes) were the main suppliers of banana and plantain imports to Finland, together comprising X% of total imports. These countries were followed by Ecuador, Peru and Germany, which together accounted for a further X 2012 to 2021, the biggest increases were in Peru (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain suppliers to Finland were Panama ($X), the Netherlands ($X) and Costa Rica ($X), with a combined X% share of total imports. Ecuador, Peru and Germany lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2021, stabilizing at the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest prices were recorded for prices from the Netherlands ($X per tonne) and Germany ($X per tonne), while the price for Panama ($X per tonne) and Costa Rica ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform