Sweden: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Sweden

The Swedish banana and plantain market skyrocketed to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. Banana and plantain consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Sweden

In 2020, overseas shipments of bananas and plantains decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, banana and plantain exports fell notably to $X in 2020. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Denmark (X tonnes) was the main destination for banana and plantain exports from Sweden, accounting for a X% share of total exports. Moreover, banana and plantain exports to Denmark exceeded the volume sent to the second major destination, the Netherlands (X tonnes), fivefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Denmark totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Denmark totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (+X% per year).

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Sweden

In 2020, the amount of bananas and plantains imported into Sweden amounted to X tonnes, increasing by X% compared with the previous year. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, banana and plantain imports surged to $X in 2020. Over the period under review, imports, however, showed a perceptible descent. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Ecuador (X tonnes) constituted the largest supplier of banana and plantain to Sweden, with a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tonnes), fourfold. Costa Rica (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Ecuador totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+X% per year) and Costa Rica (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Ecuador amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, import price indicated a tangible increase from 2007 to 2020: its price 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, banana and plantain import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the near future.

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

From 2007 to 2020, 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 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, comprising approx. 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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India (31M 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 third position in this ranking was occupied by the Philippines (9M tonnes), with a 5.5% share.

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

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In value terms, Ecuador ($78M) constituted the largest supplier of banana and plantain to Sweden, comprising 51% of total imports. The second position in the ranking was occupied by the Dominican Republic ($24M), with a 15% share of total imports. It was followed by the Netherlands, with a 9.6% share.

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

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In value terms, Denmark ($14M) remains the key foreign market for banana and plantain exports from Sweden, comprising 63% of total exports. The second position in the ranking was occupied by the Netherlands ($3.4M), with a 16% share of total exports. It was followed by France, with a 12% share.

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

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In 2020, the average banana and plantain export price amounted to $991 per tonne, rising by 6.3% against the previous year.

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

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In 2020, the average banana and plantain import price amounted to $821 per tonne, increasing by 30% against the previous year.