Germany: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Germany

The German banana and plantain market reached $X in 2019, picking up by 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, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Banana and plantain consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Banana And Plantain Exports

Exports from Germany

In 2019, 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, total exports indicated notable growth 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, exports decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2010 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, banana and plantain exports rose modestly to $X in 2019. Over the period under review, total exports indicated pronounced growth from 2007 to 2019: its value 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, exports decreased by -X% against 2014 indices. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2010 to 2019, the growth exports remained at a lower figure.

Exports by Country

Denmark (X tonnes), Poland (X tonnes) and the Czech Republic (X tonnes) were the main destinations of banana and plantain exports from Germany, together comprising X% of total exports. Finland, Romania, the Netherlands, Sweden, Austria and Slovakia lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Romania, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from Germany were Denmark ($X), the Czech Republic ($X) and Poland ($X), together accounting for X% of total exports. These countries were followed by Finland, the Netherlands, Austria, Sweden, Romania and Slovakia, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2009; however, from 2010 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Austria ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Germany

In 2019, approx. X tonnes of bananas and plantains were imported into Germany; picking up by X% against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, banana and plantain imports expanded rapidly to $X in 2019. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Ecuador (X tonnes), Colombia (X tonnes) and Costa Rica (X tonnes) were the main suppliers of banana and plantain imports to Germany, with a combined X% share of total imports. These countries were followed by the Dominican Republic, Guatemala, Peru and Nicaragua, which together accounted for a further X 2007 to 2019, the biggest increases were in Nicaragua (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Costa Rica ($X) and Colombia ($X) constituted the largest banana and plantain suppliers to Germany, together accounting for X% of total imports. These countries were followed by the Dominican Republic, Peru, Guatemala and Nicaragua, which together accounted for a further X (+X% per year) 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

In 2019, the average banana and plantain import price amounted to $X per tonne, leveling off at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Dominican Republic ($X per tonne), while the price for Nicaragua ($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 more modest paces of growth.

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, comprising approx. 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), 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 (9.2M tonnes) ranked third in terms of total production with a 5.8% share.

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

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In value terms, the largest banana and plantain suppliers to Germany were Ecuador ($261M), Costa Rica ($255M) and Colombia ($244M), together accounting for 75% of total imports. The Dominican Republic, Peru, Guatemala and Nicaragua lagged somewhat behind, together comprising a further 19%.

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

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In value terms, the largest markets for banana and plantain exported from Germany were Denmark ($59M), the Czech Republic ($32M) and Poland ($31M), together comprising 50% of total exports. These countries were followed by Finland, the Netherlands, Austria, Sweden, Romania and Slovakia, which together accounted for a further 43%.

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

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In 2019, the average banana and plantain export price amounted to $860 per tonne, declining by -10.7% against the previous year.

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

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In 2019, the average banana and plantain import price amounted to $750 per tonne, remaining relatively unchanged against the previous year.