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Spain - Bananas - Market Analysis, Forecast, Size, Trends and Insights
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Spain: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Spain

In 2019, the Spanish banana and plantain market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value 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% y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Banana And Plantain Production in Spain

In value terms, banana and plantain production reached $X in 2019 estimated in export prices. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Banana and plantain production peaked at $X in 2009; however, from 2010 to 2019, production stood at a somewhat lower figure.

The average yield of bananas and plantains in Spain expanded to X tonnes per ha in 2019, increasing by X% compared with the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by X% year-to-year. The banana and plantain yield peaked at X tonnes per ha in 2017; however, from 2018 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, the total area harvested in terms of bananas and plantains production in Spain shrank slightly to X ha, leveling off at the previous year. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to banana and plantain production attained the maximum at X ha in 2007; however, from 2008 to 2019, the harvested area stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Spain

For the third consecutive year, Spain recorded decline in shipments abroad of bananas and plantains, which decreased by -X% to X tonnes in 2019. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, banana and plantain exports fell to $X in 2019. Overall, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Portugal (X tonnes) was the main destination for banana and plantain exports from Spain, with a X% share of total exports. Moreover, banana and plantain exports to Portugal exceeded the volume sent to the second major destination, France (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to Portugal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (+X% per year).

In value terms, Portugal ($X) remains the key foreign market for banana and plantain exports from Spain, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Portugal amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (+X% per year).

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2019, almost unchanged from the previous year. Overall, the export price recorded a mild curtailment. The growth pace was the most rapid in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2019, the country with the highest price was France ($X per tonne), while the average price for exports to Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Banana And Plantain Imports

Imports into Spain

After two years of growth, overseas purchases of bananas and plantains decreased by -X% to X tonnes in 2019. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2018, and then declined slightly in the following year.

In value terms, banana and plantain imports dropped modestly to $X in 2019. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2018, and then dropped slightly in the following year.

Imports by Country

Costa Rica (X tonnes), France (X tonnes) and Colombia (X tonnes) were the main suppliers of banana and plantain imports to Spain, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Costa Rica, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain suppliers to Spain were France ($X), Costa Rica ($X) and Belgium ($X), with a combined X% share of total imports.

Among the main suppliers, Costa Rica saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2019, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2010; however, from 2011 to 2019, import prices failed to regain the 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 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ecuador, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?
+
The country with the largest volume of banana and plantain consumption was India (30M tonnes), accounting for 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?
+
India (30M tonnes) remains the largest banana and plantain producing country worldwide, comprising approx. 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 Spain?
+
In value terms, France ($74M), Costa Rica ($49M) and Belgium ($34M) appeared to be the largest banana and plantain suppliers to Spain, with a combined 64% share of total imports.
What are the leading importers of bananas and plantains from Spain?
+
In value terms, Portugal ($66M) remains the key foreign market for banana and plantain exports from Spain, comprising 88% of total exports. The second position in the ranking was occupied by France ($4.3M), with a 5.6% share of total exports.
What is the average export price for bananas and plantains in Spain?
+
In 2019, the average banana and plantain export price amounted to $754 per tonne, therefore, remained relatively stable against the previous year.
What is the average import price for bananas and plantains in Spain?
+
In 2019, the average banana and plantain import price amounted to $626 per tonne, approximately mirroring the previous year.

Product coverage:
• FCL 486 - Bananas
• FCL 489 -

This report provides an in-depth analysis of the banana and plantain market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Spain

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Spain
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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