Ireland: Banana And Plantain Market 2022

Banana And Plantain Market Size in Ireland

The Irish banana and plantain market expanded modestly to $X in 2021, rising 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). The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Banana and plantain consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Banana And Plantain Exports

Exports from Ireland

In 2021, overseas shipments of bananas and plantains decreased by -X% to X tonnes for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tonnes in 2020, and then dropped markedly in the following year.

In value terms, banana and plantain exports shrank markedly to $X in 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The exports peaked at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

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

From 2012 to 2021, 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 2012 to 2021, 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 2021, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2021, the 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 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +X% per year.

Banana And Plantain Imports

Imports into Ireland

After two years of growth, supplies from abroad of bananas and plantains decreased by -X% to X tonnes in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2020, and then fell in the following year.

In value terms, banana and plantain imports dropped modestly to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Costa Rica (X tonnes), Belize (X tonnes) and the Dominican Republic (X tonnes) were the main suppliers of banana and plantain imports to Ireland, with a combined X% share of total imports. Belgium lagged somewhat behind, comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain suppliers to Ireland were Costa Rica ($X), Belize ($X) and the Dominican Republic ($X), with a combined X% share of total imports. Belgium lagged somewhat behind, accounting for 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

In 2021, the average banana and plantain import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per tonne), while the price for Costa Rica ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform