Sweden: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Sweden

In 2019, after two years of decline, there was significant growth in the Swedish banana and plantain market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Banana and plantain consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Banana And Plantain Exports

Exports from Sweden

In 2019, after three years of growth, there was significant decline in overseas shipments of bananas and plantains, when their volume decreased by -X% to X tonnes. In general, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, banana and plantain exports contracted to $X in 2019. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Denmark (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of banana and plantain exports from Sweden, together accounting for X% of total exports.

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

In value terms, the largest markets for banana and plantain exported from Sweden were Denmark ($X), France ($X) and the Netherlands ($X), together comprising X% of total exports.

France saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average banana and plantain export price amounted to $X per tonne, rising by X% against the previous year. In general, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to Denmark ($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 the Netherlands, while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Sweden

In 2019, after two years of decline, there was significant growth in supplies from abroad of bananas and plantains, when their volume increased by X% to X tonnes. In general, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, banana and plantain imports soared to $X in 2019. Over the period under review, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Ecuador (X tonnes) constituted the largest banana and plantain supplier to Sweden, accounting for a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Ecuador amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (-X% per year) and Germany (-X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of banana and plantain to Sweden, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Costa Rica (-X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, import price indicated a notable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, banana and plantain import price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia, 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?

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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) constituted the country with the largest volume of banana and plantain production, 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 third position in this ranking was occupied by the Philippines (9.2M tonnes), with a 5.8% share.

What are the leading suppliers of bananas and plantains to Sweden?

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In value terms, Ecuador ($57M) constituted the largest supplier of banana and plantain to Sweden, comprising 54% of total imports. The second position in the ranking was occupied by Germany ($18M), with a 17% share of total imports. It was followed by Costa Rica, with a 14% share.

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

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In value terms, Denmark ($15M), France ($9.3M) and the Netherlands ($3.5M) constituted the largest markets for banana and plantain exported from Sweden worldwide, with a combined 92% share of total exports.

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

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The average banana and plantain export price stood at $933 per tonne in 2019, growing by 5% against the previous year.

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

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The average banana and plantain import price stood at $634 per tonne in 2019, reducing by -2.8% against the previous year.