Eastern Europe: Banana Market 2024

Banana Exports

Exports in Eastern Europe

Banana exports contracted notably to X tons in 2022, waning by X% on 2021. Total exports indicated perceptible growth 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. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana exports contracted remarkably to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value 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, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) and the Czech Republic (X tons) represented roughly X% of total exports in 2022. Latvia (X tons) ranks next in terms of the total exports with an X% share, followed by Slovakia (X%), Hungary (X%), Russia (X%) and Romania (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Latvia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Russia, Slovakia, Hungary and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Latvia ($X per ton), while Hungary ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Banana Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of bananas, when their volume decreased by X% to X tons. In general, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, banana imports totaled $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value 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 increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Russia represented the key importer of bananas in Eastern Europe, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Poland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (X%), the Czech Republic (X%) and Romania (X%). Belarus (X tons) and Slovakia (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the bananas imports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%), Poland (X%), Slovakia (X%), the Czech Republic (X%) and Belarus (X%) displayed positive paces of growth. By contrast, Ukraine (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Ukraine (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Romania (X p.p.), Slovakia (X p.p.), Belarus (X p.p.), the Czech Republic (X p.p.) and Poland (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported bananas in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with an X% share of total imports. It was followed by Ukraine, with an X% share.

In Russia, banana imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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