European banana consumption proved stable in January 2016 compared to the previous year

  • Published on 8/04/2016 - Published by Market News Service / FruiTrop
  • FruiTrop n°239 , Page From 4 to 4
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The EU banana consumption was 474 000 tonnes, though its stability should be put in perspective since this came after two months (November and December 2015) of very high consumption. It is the Community sources, and more specifically the French West Indies, which dampened down the result, with Martinique and Guadeloupe on a steep slide. At the same time, the Canaries continued to soar. Dollar sources, meanwhile, were steady (- 1.1 %), while ACP-Africa was back to its heights (+ 15.2 %). Colombia and Costa Rica, on the dollar side, and Côte d’Ivoire and the Dominican Republic on the ACP side, were driving the market. Ecuador, Panama and Peru were all on the wane. Over twelve months (December 2015 to January 2016), the consumption of the EU-28 rose again by 3 %, with a gain of 161 000 t, to climb to approximately 5.8 million tonnes. Out of the last twelve months, nine months were positive and just three negative. The dynamic seems well-established.

The United States began the year with a flourish, climbing by 3 % in January 2016, in terms of both imports and consumption. Just this once, Guatemala, the leading supplier, was down by 7 %, as were Honduras, Colombia and Mexico. Conversely, Ecuador and Costa Rica boomed (more than 20 % gain).

We should emphasise that the French market went against the European and US trend at the beginning of 2016. Consumption was down by more than 20 % from January 2015, and 8 % below the three-year average. This analysis can be tempered by the observation that the supply in December was historically high and that deferred consumption is likely, though without reversing the downward trend. Indeed, as we will show in the next edition of FruiTrop, dedicated to the world banana review, France has struggled to stabilise its annual consumption (553 000 tonnes), whereas EU-28 consumption is up by 3 %.

banana - EU and USA - supply in january 2016
banana - EU and USA - supply in january 2016

 

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