Israel: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Israel

The Israeli banana and plantain market expanded markedly to $X in 2019, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Banana and plantain consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Banana And Plantain Production in Israel

In value terms, banana and plantain production reached $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Banana and plantain production peaked in 2019 and is likely to see steady growth in the near future.

In 2019, the average yield of bananas and plantains in Israel stood at X tonnes per ha, remaining constant against the previous year's figure. Overall, the yield, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the average banana and plantain yield hit record highs at X tonnes per ha in 2007; however, from 2008 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of bananas and plantains were harvested in Israel; with an increase of X% on the year before. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum in 2019 and is likely to continue growth in the immediate term.

Banana And Plantain Exports

Exports from Israel

In 2019, overseas shipments of bananas and plantains increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, banana and plantain exports expanded significantly to $X in 2019. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in years to come.

Exports by Country

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

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

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

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

Export Prices by Country

In 2019, the average banana and plantain export price amounted to $X per tonne, with an increase of X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

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

Banana And Plantain Imports

Imports into Israel

For the third year in a row, Israel recorded decline in overseas purchases of bananas and plantains, which decreased by -X% to X tonnes in 2019. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports contracted to $X in 2019. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Viet Nam (X tonnes) was the main supplier of banana and plantain to Israel, accounting for a X% share of total imports. Moreover, banana and plantain imports from Viet Nam exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from Viet Nam stood at +X%.

In value terms, Viet Nam ($X) and Thailand ($X) appeared to be the largest banana and plantain suppliers to Israel, with a combined X% share of total imports.

Among the main suppliers, Viet Nam recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per tonne), while the price for Viet Nam stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam.

Source: IndexBox AI 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 (30M tonnes), 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, 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 Israel?

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In value terms, Viet Nam ($49K) and Thailand ($37K) were the largest banana and plantain suppliers to Israel, together accounting for 95% of total imports.

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

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In value terms, Switzerland ($20M) remains the key foreign market for banana and plantain exports from Israel.

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

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The average banana and plantain export price stood at $855 per tonne in 2019, increasing by 3.2% against the previous year.

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

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The average banana and plantain import price stood at $947 per tonne in 2019, increasing by 4.1% against the previous year.