Banana and Plantain Market in Greece
Market Overview
The Greek banana and plantain market expanded to $
in , picking up by % 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Banana and plantain consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, banana and plantain production shrank slightly to $ in estimated in export price. Overall, the total production indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of %. Banana and plantain production peaked at $ in 2019; however, from to , production failed to regain momentum.
The average yield of bananas and plantains in Greece declined to tons per ha in , waning by -% compared with figures. In general, the yield, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when the yield increased by % against the previous year. Over the period under review, the average banana and plantain yield reached the maximum level at tons per ha in , and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the total area harvested in terms of bananas and plantains production in Greece was estimated at ha, leveling off at . Over the period under review, the harvested area showed a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of %. The banana and plantain harvested area peaked at ha in 2007; however, from 2008 to , the harvested area remained at a lower figure.
in , picking up by % 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Banana and plantain consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, banana and plantain production shrank slightly to $
in estimated in export price. Overall, the total production indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of %. Banana and plantain production peaked at $ in 2019; however, from to , production failed to regain momentum.The average yield of bananas and plantains in Greece declined to
tons per ha in , waning by -% compared with figures. In general, the yield, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when the yield increased by % against the previous year. Over the period under review, the average banana and plantain yield reached the maximum level at tons per ha in , and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the total area harvested in terms of bananas and plantains production in Greece was estimated at ha, leveling off at . Over the period under review, the harvested area showed a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of %. The banana and plantain harvested area peaked at ha in 2007; however, from 2008 to , the harvested area remained at a lower figure.Consumption
Banana and plantain consumption in Greece shrank to tons in , waning by -% on the year before. In general, the total consumption indicated a pronounced increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption remained at a lower figure.
The value of the banana and plantain market in Greece was estimated at $ in , with an increase of % 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption failed to regain momentum.
tons in , waning by -% on the year before. In general, the total consumption indicated a pronounced increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption remained at a lower figure.The value of the banana and plantain market in Greece was estimated at $
in , with an increase of % 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for bananas and plantains in Greece, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Banana and plantain market in Greece consists almost entirely of imported products.
Trade Balance
Greece remains a net importer of banana and plantain; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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