Greece: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Greece

The Greek banana and plantain market soared to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption posted a pronounced expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Banana And Plantain Production in Greece

In value terms, banana and plantain production expanded significantly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a mild expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2010; however, from 2011 to 2020, production stood at a somewhat lower figure.

The average yield of bananas and plantains in Greece stood at X tonnes per ha in 2020, with an increase of X% compared with 2019. Overall, the yield recorded resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The banana and plantain yield peaked in 2020 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of bananas and plantains production in Greece contracted to X ha, with a decrease of -X% on the previous year's figure. Overall, the harvested area recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% year-to-year. The banana and plantain harvested area peaked at X ha in 2007; however, from 2008 to 2020, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from Greece

In 2020, after four years of growth, there was significant decline in overseas shipments of bananas and plantains, when their volume decreased by -X% to X tonnes. Overall, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2019, and then shrank markedly in the following year.

In value terms, banana and plantain exports dropped to $X in 2020. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2019, and then declined in the following year.

Exports by Country

Romania (X tonnes), Bulgaria (X tonnes) and Cyprus (X tonnes) were the main destinations of banana and plantain exports from Greece, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania, while exports for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), Bulgaria ($X) and Cyprus ($X) constituted the largest markets for banana and plantain exported from Greece worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Romania saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average banana and plantain export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Romania ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Greece

In 2020, purchases abroad of bananas and plantains increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, banana and plantain imports surged to $X in 2020. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, Ecuador (X tonnes) was the main banana and plantain supplier to Greece, with a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Colombia (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Ecuador amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Costa Rica (+X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of banana and plantain to Greece, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Costa Rica (+X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Ecuador ($X per tonne), while the price for Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ecuador, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?

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The country with the largest volume of banana and plantain consumption was India (31M tonnes), accounting for 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (14M tonnes), twofold. Indonesia (7.4M tonnes) ranked third in terms of total consumption with a 4.5% share.

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

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India (31M tonnes) constituted the country with the largest volume of banana and plantain production, 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 (9M tonnes) ranked third in terms of total production with a 5.5% share.

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

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In value terms, Ecuador ($129M) constituted the largest supplier of banana and plantain to Greece, comprising 93% of total imports. The second position in the ranking was occupied by Colombia ($4.5M), with a 3.2% share of total imports.

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

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In value terms, Romania ($23M), Bulgaria ($18M) and Cyprus ($3.3M) were the largest markets for banana and plantain exported from Greece worldwide, together comprising 98% of total exports.

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

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The average banana and plantain export price stood at $828 per tonne in 2020, surging by 2.4% against the previous year.

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

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In 2020, the average banana and plantain import price amounted to $676 per tonne, rising by 41% against the previous year.