Israel: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Israel

The Israeli banana and plantain market rose slightly to $X in 2020, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Banana and plantain consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Israel

In value terms, banana and plantain production expanded modestly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Banana and plantain production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

The average yield of bananas and plantains in Israel stood at X tonnes per ha in 2020, remaining relatively unchanged against 2019 figures. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by X% y-o-y. As a result, the yield reached the peak level of X tonnes per ha. from 2017 to 2020, the growth of the average banana and plantain yield failed to regain the momentum. 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 Israel was estimated at X ha, remaining constant against the year before. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure in 2020 and is likely to see steady growth in the immediate term.

Banana And Plantain Exports

Exports from Israel

Banana and plantain exports from Israel stood at X tonnes in 2020, growing by X% against the previous year's figure. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, banana and plantain exports amounted to $X in 2020. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2009 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

France (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 2020, the average annual growth rate of volume to France stood at +X%.

From 2007 to 2020, the average annual rate of growth in terms of value to France totaled +X%.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for France amounted to -X% per year.

Banana And Plantain Imports

Imports into Israel

Banana and plantain imports into Israel fell significantly to X tonnes in 2020, reducing by -X% compared with the previous year's figure. Overall, imports showed a mild setback. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, banana and plantain imports soared to $X in 2020. In general, imports posted moderate growth. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Thailand (X tonnes) constituted the largest banana and plantain supplier to Israel, with a X% share of total imports. Moreover, banana and plantain imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Thailand amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Thailand totaled +X%.

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. In general, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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India (31M tonnes) remains the largest banana and plantain consuming country worldwide, 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. The third position in this ranking was occupied by Indonesia (7.4M tonnes), with a 4.5% share.

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

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The country with the largest volume of banana and plantain production was India (31M tonnes), 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 Israel?

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In value terms, Thailand ($164K) constituted the largest supplier of banana and plantain to Israel, comprising 92% of total imports. The second position in the ranking was occupied by China ($12K), with a 6.7% share of total imports.

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 $806 per tonne in 2020, rising by 4.1% against the previous year.

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

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In 2020, the average banana and plantain import price amounted to $3,200 per tonne, jumping by 349% against the previous year.