Ireland: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Ireland

The Irish banana and plantain market rose notably to $X in 2019, surging 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). In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Ireland

In 2019, the amount of bananas and plantains exported from Ireland expanded slightly to X tonnes, increasing by X% against 2018. In general, exports saw a strong increase. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, banana and plantain exports dropped slightly to $X in 2019. Overall, exports showed a temperate expansion. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

The UK (X tonnes) was the main destination for banana and plantain exports from Ireland, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the UK totaled +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value to the UK stood at +X%.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the export price showed a noticeable contraction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 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 the UK.

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

Banana And Plantain Imports

Imports into Ireland

In 2019, the amount of bananas and plantains imported into Ireland amounted to X tonnes, increasing by X% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports expanded sharply to $X in 2019. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

Belize (X tonnes), Costa Rica (X tonnes) and Nicaragua (X tonnes) were the main suppliers of banana and plantain imports to Ireland, with a combined X% share of total imports.

From 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, Costa Rica ($X), Belize ($X) and France ($X) constituted the largest banana and plantain suppliers to Ireland, with a combined X% share of total imports. These countries were followed by the UK and Nicaragua, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of 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, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belize, 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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India (30M tonnes) remains the largest banana and plantain producing country worldwide, 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 Ireland?

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In value terms, the largest banana and plantain suppliers to Ireland were Costa Rica ($24M), Belize ($24M) and France ($5.7M), with a combined 83% share of total imports. These countries were followed by the UK and Nicaragua, which together accounted for a further 13%.

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

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In value terms, the UK ($12M) remains the key foreign market for banana and plantain exports from Ireland.

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

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In 2019, the average banana and plantain export price amounted to $1,006 per tonne, with a decrease of -6% against the previous year.

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

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In 2019, the average banana and plantain import price amounted to $673 per tonne, flattening at the previous year.