Israel - Bananas - Market Analysis, Forecast, Size, Trends and Insights

Israel: Banana Market Overview 2019

Banana Market Size in Israel

The revenue of the banana market in Israel amounted to $X in 2017, stabilizing at the previous year. In general, the total market indicated a measured increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2011, with an increase of X% year-to-year. Over the period under review, the banana market attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Banana Production in Israel

In 2017, the amount of bananas produced in Israel totaled X tonnes, remaining stable against the previous year. Overall, banana production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016, when the output figure increased by X% against the previous year. In that year, the banana production reached their peak volume of X tonnes, leveling off in the following year. Banana output in Israel indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a slight increase in yield figures.

Average yield of bananas in Israel stood at X tonne per ha in 2017, coming down by -X% against the previous year. The yield figure increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016, with an increase of X% y-o-y. In that year, the average banana yield attained their peak level of X tonne per ha, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Banana harvested area in Israel amounted to X ha in 2017, going up by X% against the previous year. Overall, banana harvested area continues to indicate a slight setback. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. The banana harvested area peaked of X ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Banana Exports

Exports from Israel

In 2017, the amount of bananas exported from Israel stood at X tonnes, falling by -X% against the previous year. In general, banana exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2009, when exports increased by X% against the previous year. Over the period under review, the banana exports reached its maximum volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, banana exports amounted to $X in 2017. In general, banana exports continue to indicate a dramatic curtailment. The exports peaked of $X in 2016, and then declined slightly in the following year.

Exports by Country

Palestine (X tonnes) was the main destination of banana exports from Israel, with a X% share of total exports. Moreover, banana exports to Palestine exceeded the volume sent to the second major destination, the U.S. (X kg), tenfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to Palestine amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Italy (-X% per year).

In value terms, Palestine ($X) remains the key foreign market for banana exports from Israel, making up X% of total banana exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of value to Palestine stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Italy (-X% per year).

Export Prices by Country

The average banana export price stood at $X per tonne in 2017, coming down by -X% against the previous year. In general, the export price indicated a notable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana export price decreased by -X% against 2013 indices. The growth pace was the most rapid in 2009, when the average export price increased by X% year-to-year. Over the period under review, the average export prices for bananas attained its maximum level of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was Palestine ($X per tonne), while average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Palestine (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Banana Imports

Imports into Israel

In 2017, the amount of bananas imported into Israel stood at X tonnes, coming up by X% against the previous year. Overall, banana imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017, with an increase of X% year-to-year. In that year, the banana imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, banana imports totaled $X in 2017. Overall, banana imports continue to indicate a remarkable increase. The imports peaked in 2017, and are likely to see steady growth in the immediate term.

Imports by Country

In 2017, Costa Rica (X tonnes) constituted the largest supplier of banana to Israel, with a X% share of total imports. Moreover, banana imports from Costa Rica exceeded the figures recorded by the second largest supplier, Thailand (X tonnes), threefold. Palestine (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from Costa Rica totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Palestine (+X% per year).

In value terms, Costa Rica ($X), Thailand ($X) and Palestine ($X) were the largest banana suppliers to Israel, together accounting for X% of total imports.

Thailand (+X% per year) experienced the highest growth rate of imports,in terms of the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average banana import price amounted to $X per tonne, falling by -X% against the previous year. Overall, banana import price continues to indicate a drastic shrinkage. The growth pace was the most rapid in 2011, when the average import price increased by X% year-to-year. Over the period under review, the average import prices for bananas attained its peak figure level of $X per tonne in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of origin; the country with the highest import price was Thailand ($X per tonne), while price for Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Sri Lanka (-X% per year), the import prices for other major suppliers experienced a decline.

Source: IndexBox AI Platform