Lithuania: Banana And Plantain Market 2024

Banana And Plantain Market Size in Lithuania

After two years of growth, the Lithuanian banana and plantain market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Banana And Plantain Exports

Exports from Lithuania

For the fourth consecutive year, Lithuania recorded decline in shipments abroad of bananas and plantains, which decreased by X% to X tons in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports contracted to $X in 2022. In general, exports showed a perceptible contraction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for banana and plantain exports from Lithuania, with a X% share of total exports. It was followed by Poland (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Estonia (X% per year).

In value terms, Latvia ($X) remains the key foreign market for bananas and plantains exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Estonia (X% per year).

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Banana And Plantain Imports

Imports into Lithuania

In 2022, banana and plantain imports into Lithuania declined rapidly to X tons, waning by X% on the year before. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, banana and plantain imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest banana and plantain supplier to Lithuania, accounting for a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Latvia (X tons), twofold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and France (X% per year).

In value terms, the largest banana and plantain suppliers to Lithuania were Ecuador ($X), Latvia ($X) and France ($X), with a combined X% share of total imports.

Among the main suppliers, Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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