Banana Market Overview in Israel
In value terms, banana production totaled $ in 2019 estimated in export prices. Over the period under review, the total production indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. Banana production peaked at $ in 2013; however, from 2014 to 2019, production remained at a lower figure.
In 2019, the average banana yield in Israel reached tonnes per ha, therefore, remained relatively stable against 2018. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by % against the previous year. As a result, the yield attained the peak level of tonnes per ha. From 2017 to 2019, the growth of the average banana yield remained 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.
The banana harvested area in Israel reduced to ha in 2019, standing approx. at the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the harvested area increased by % y-o-y. Over the period under review, the harvested area dedicated to banana production attained the peak figure at ha in 2007; however, from 2008 to 2019, the harvested area remained at a lower figure.
The size of the banana market in Israel totaled $ in 2019, approximately mirroring 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). Over the period under review, the total consumption indicated a temperate increase from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by % year-to-year. Banana consumption peaked at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.